Elaghmore Partners completed the acquisition of Orchard House Foods from Hain Celestial.

Elaghmore Partners, a private equity firm, completed the acquisition of Orchard House Foods, a fresh fruit products manufacturer and distributor, from Hain Celestial, an organic and natural products company. Financial terms were not disclosed. "We are pleased to complete the strategic sale of our fruit business to Elaghmore. The divestment of this complex, non-core asset fully aligns with our brand simplification and strategic transformation processes. By divesting this business, which was negatively impacted by the Covid-19 pandemic, the remaining Hain Celestial business will show immediate improvement in its growth rate and margins, allowing us to reinvest capital behind the strength of the remaining International platform. We remain confident in our ability to continue to improve our overall margin and cash flow profiles to fuel sustainable long-term growth and profitability," Mark L. Schiller, Hain Celestial President and Chief Executive Officer.