The Hain Celestial Group Inc. announced the acquisition of Rudi's Organic Bakery Inc.
April 28/Lake Success, N.Y./PRNewswire -- The Hain Celestial Group Inc. announced the acquisition of Rudi's Organic Bakery Inc., an organic and gluten-free company with facilities in Boulder, Colorado. Under the Rudi's Organic Bakery and Rudi's Gluten-Free Bakery brands, Rudi's offers a range of approximately 60 products, including USDA-certified organic breads, buns, bagels, tortillas, wraps and soft pretzels and GFCO-certified natural breads, buns, pizza crusts, tortillas, snack bars and stuffing in the United States and Canada.
In calendar year 2013, Rudi's generated approximately $60 million in net sales and is expected to be accretive to Hain Celestial's earnings in fiscal year 2015. The purchase price of $61.3 million consisted of cash and common shares of Hain Celestial. Rudi's was a portfolio company of Charterhouse Equity Partners LLC.