Hain Celestial Group

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The Hain Celestial Group, Inc.
TypePublic
Nasdaq: HAIN
S&P 400 Component
IndustryFoodstuffs, personal care products, and meat alternative products
Founded1993; 29 years ago (1993)
HeadquartersLake Success, New York, United States[1]
Number of locations
Products sold in 75 countries worldwide
Area served
North America, Europe, India
Key people
Mark Schiller, CEO
RevenueIncrease$2.69 billion USD (2015) ($2.05Bn (2020))
Total assets$2.18Bn (2020)
Number of employees
4,287 (2020)
DivisionsTea, snacks, personal care, grocery
Websitewww.hain-celestial.com

The Hain Celestial Group, Inc. is an American food company whose main focus is foods and personal care products. Its products range from herbal teas, sold by its Celestial Seasonings brand to snacks offered through its Terra brand as well as soaps, lotions, hair care, and body wash offered through their Jason, Alba, Live Clean, and Avalon Organic Brands. In May 2000, Hain Food Group merged with Celestial Seasonings, Inc. creating the current company.

Hain Daniels is its subsidiary in the United Kingdom.[2]

History[]

The H. J. Heinz Company acquired 19.5% of the company in September 1999,[3] but subsequently divested itself of all holdings in December 2005.[4] On May 7, 2002, the company prior year periods had been restated by reclassifying promotional allowances and other sales incentives of $16.8 million in the third quarter of 2001.[5] On January 13, 2014, the company acquired the rice company Tilda for $357 million.[6] In 2015 the company acquired the non-dairy company Mona Naturprodukte Gmbh with its brand Joya.[7]

In June 2018, Hain Celestial announced that CEO Irwin Simon would step down, becoming non executive chairman after a replacement is found.[8]

Lawsuit[]

In November 2013, Hain Celestial became one of 25 companies targeted in an ongoing class action lawsuit regarding allegations of falsely labeling their personal care products (including Celestial Seasonings) as 'organic' under California law (California Products Act of 2003) to mislead consumers into purchasing them.[9][10][11][12]

According to Glaucas Research Group and Eurofins, many of these products, including beverages, contain high levels of pesticide, far above federal limits of the United States.[13] In September 2015, Hain Celestial Group reached a settlement and agreed to pay consumers a $7.5 million compensation for mislabeling their products with an additional $2.4 million worth of coupons.[14][15][16]

Subsidiaries and Brands[]

Beverages[]

  • Celestial Seasonings
  • Mountain Sun
  • Rice Dream now divested
  • Soy Dream now divested
  • Almond Dream now divested
  • WestSoy now divested
  • Joya

Foods & Snacks[]

  • ALBA
  • Casbah
  • Earth's Best
  • Ella's Kitchen
  • Empire Kosher
  • Estee
  • Ethnic Gourmet
  • Europe's Best
  • Frank Cooper's Oxford Marmalade
  • FreeBird
  • Garden of Eatin'
  • Hain Pure Foods
  • Hain Pure Snax
  • Harry's Premium Snacks
  • Health Valley
  • Hollywood
  • Imagine Foods
  • Keiller's marmalade
  • Lima
  • Linda McCartney Foods
  • Little Bear Snack Foods
  • MaraNatha
  • Milkfree, a sub brand of Natumi
  • Natumi
  • Nile Spice
  • Rosetto
  • Salt
  • Sensible Portions
  • Spectrum Essentials
  • Spectrum Naturals
  • Terra Chips
  • That's How We Roll: ParmCrisps & Thinsters[17]
  • The Greek Gods
  • Walnut Acres Organic
  • Westbrae Natural
  • Yves Veggie Cuisine

Personal Care[]

  • Alba Botanica
  • Avalon Organics
  • Batherapy
  • Footherapy
  • Heather's Naturals
  • JĀSÖN Natural Products
  • Live Clean
  • Queen Helene

See also[]

References[]

  1. ^ "Hain Celestial Closes on Sensible Portions(R) Brand Acquisition". Hain Celestial Group. Retrieved September 15, 2019.
  2. ^ "Our Business". Hain Daniels. Retrieved April 24, 2017.
  3. ^ Heinz to Purchase Additional Equity in Hain Celestial to Restore Investment Level to 19.5 Percent
  4. ^ Howard, Philip H (Winter 2009). "Organic Industry Structure". Media-N: Journal of the New Media Caucus. 5 (3). Archived from the original on 2012-04-24. Retrieved 2012-01-02. Heinz acquired a 19.5% stake in Hain Celestial in 1999 while also transferring ownership of their Earth's Best brand, but sold all of its Hain Celestial stock in 2005.
  5. ^ "The Hain Celestial Group Reports Third Quarter Results".
  6. ^ https://www.bloomberg.com/news/articles/2014-01-13/hain-celestial-acquires-rice-company-tilda-to-expand-business
  7. ^ "US-Konzern Hain Celestial übernimmt Mona-Gruppe".
  8. ^ Hirsch, Lauren (2018-06-25). "Irwin Simon, one of the food industry's longest-tenured CEOs, to step down at Hain Celestial". CNBC. Retrieved 2018-06-27.
  9. ^ "Organic Product Lawsuit: Center for Environmental Health Sues Dozens". Joanna Lin. The Huffington Post California. June 20, 2011. Retrieved November 14, 2014.
  10. ^ https://www.truthinadvertising.org/wp-content/uploads/2013/11/Von-Slomski-v.-The-Hain-Celestial-Group-.pdf[bare URL PDF]
  11. ^ "Hain Celestial Buyers Seek Class Cert. On 'Organic' Claims". Beth Winegarner. Law360. November 6, 2014. Retrieved November 14, 2014.
  12. ^ "Hain Mini-Waffles 'Natural' Label Could Mislead, Judge Says". Beth Winegarner. Law360. September 17, 2014. Retrieved November 14, 2014.
  13. ^ https://glaucusresearch.com/wp-content/uploads/downloads/2013/02/GlaucusResearch-The_Hain_Celestial_Group_Inc-NasdaqHAIN-Strong_Sell_Febuary_21_2013.pdf[bare URL PDF]
  14. ^ "Hain Celestial settles mislabeling lawsuit for nearly $10 million". Aisha Al-Muslim. Newsday.
  15. ^ "$9.4M Settlement Reached in Hain Organic Consumer Fraud Class Action Lawsuit". BigClassAction.com.
  16. ^ "Hain Celestial Inks $9.4M Deal To End Organic Labeling Suit". Kali Hays. Law 360.
  17. ^ "Snacking growth: Hain Celestial acquires That's How We Roll, Agthia Group completes BMB Group purchase".

External links[]

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