On the Street: Hain Celestial Talking with Greek Gods
July 6/Melville, N.Y./PRNewswire-FirstCall -- The Hain Celestial Group Inc. announced the acquisition of the assets and business of 3 Greek Gods LLC, including its Greek Gods brand of all-natural, Greek-style yogurt, which is sold in natural and grocery retailers. The transaction is expected to be immediately accretive to Hain Celestial's earnings.
Greek-style and specialty yogurt grocery sales grew over 100% in the last year, while over the last three years, the overall yogurt category has experienced only a mid-single digit compound annual growth rate. Greek Gods authentic Greek-style yogurt is thicker and creamier than conventional-style yogurt and generally higher in protein and lower in carbohydrates and sodium. Greek Gods yogurt is a leading brand in the natural channel, having experienced double-digit growth over the last year.