The Hain Celestial Group Inc
), which distributes, markets and sells various natural and
organic foods as well as personal care products, announced that
it has completed the earlier announced acquisition of the New
York City based BluePrint, a premier brand in the raw juice
The company expects the deal to be incremental to its sales,
solidifying its foothold in the raw, organically extracted fruit
and vegetable juices category. Moreover, the company stated that
the acquisition will be accretive to its earnings in 2013.
Acquisitions have played a vital role in Hain Celestial's
strategy of building market share. These have not only widened
the company's geographical presence, but also furnished
opportunities to cross-sell products in the U.S., Canadian, and
Earlier, the company completed the acquisition of leading
packaged grocery brands - Hartley's, Gale's Robertson's, Frank
Cooper's and Sun-Pat - from Premier Foods plc.
Premier Foods is now a part of the Hain Daniels Group and is
expected to generate sales of about $180 million for the 8 months
period closing on June 30, 2013. Moreover, it will add
approximately 25 cents, excluding the charges related to the
acquisition, to the earnings.
Going forward, the company hopes to sustain strong momentum
across entire business segments as it remains well positioned to
capitalize on the growing global demand for organic products.
Alongside, the company anticipates sales to be in the range of
$1.780 billion - $1.795 billion in fiscal 2013 (excluding results
for the discontinued operations of private label chilled ready
meals). Earnings are expected to be in the range of $2.35 - $2.45
Moreover, Hain Celestial has undertaken a number of
initiatives to improve its performance and has directed itself on
the growth trajectory. The company's Stock Keeping Unit ("SKU")
rationalization program has helped eliminate SKUs, which had
lower sales volume or weak margins. Management remains focused on
improving profitability through new product introductions while
Currently, we have a long-term 'Neutral' recommendation on the
stock. Hain Celestial, which competes with
General Mills Inc
), holds a Zacks #3 Rank, which translates into a short-term
GENL MILLS (GIS): Free Stock Analysis Report
HAIN CELESTIAL (HAIN): Free Stock Analysis
To read this article on Zacks.com click here.