October 11/Melville, N.Y./Press Release -- The Hain Celestial Group Inc. has acquired the assets and business of the Europe’s Best brand of all-natural, frozen fruit and vegetable products in Canada through its Hain Celestial Canada subsidiary. This acquisition is expected to be accretive to Hain Celestial’s earnings in fiscal year 2012.
“Our entry into this growing $385 million Canadian category of frozen fruits and vegetables complements our product offerings while providing us with a new category for potential growth,” said Irwin D Simon, president and chief executive officer of Hain Celestial. “With this strategic acquisition we plan to expand Europe’s Best product lines into other channels of distribution in North America, and we will leverage the talented team we have in place at Hain Celestial Canada.”