US natural and organic products specialist The Hain Celestial Group Inc (NASDAQ:HAIN) said it had bought UK premium organic baby food maker and distributor Ella’s Kitchen Group Limited, without disclosing the price.
With this acquisition, Hain Celestial has set up the Global Infant, Toddler & Kids division under Hain Celestial US, to be headed by Paul Lindley, Ella’s Kitchen’s founder, the buyer said.
The addition of Ella’s Kitchen, with a portfolio of 80 branded organic baby food products and some USD70m (EUR54m) in sales last year, complements the buyer’s Earth’s Best line of infant, toddler and kids products, while allowing opportunities for further expansion in the UK, Hain Celestial said.
The buyer also expects the acquisition to contribute to its EPS in 2014.
For his part, Lindley, now the CEO of Global Infant, Toddler & Kids, sees the deal to ensure further growth for the company he created seven years ago, he said.