Announced
Completed
Synopsis
Bush Brothers & Company, a manufacturer and distributor a wide variety of bean products, completed the acquisition of Westbrae Natural, a provider of a foundation for nutritious, tasty meals centered around vegetables, from The Hain Celestial Group, an American food company. Financial terms were not disclosed. “In our continuing journey to simplify the company and focus on the brands and categories with growth potential in line with our strategic direction, we are pleased to announce the divestiture of the Westbrae Natural® brand to Bush Brothers. The divestiture of this non-strategic brand represents another important step in simplifying our North America portfolio, while improving our future growth profile, margins and cash flow. The transaction allows us to focus more resources on driving distribution and expanding innovation on priority brands," Mark L. Schiller, Hain Celestial President and CEO.
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