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Hain Celestial Group Acquires Infinitea Kombucha
2009-10-28 - Hain Celestial Group




The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading natural and organic products company, today announced the acquisition of Infinitea Kombucha in Boulder, CO. Infinitea Kombucha is a producer of organic kombucha, a fermented probiotic tea, that is sold through natural food retailers.

The Infinitea Kombucha product line will no longer be manufactured. Celestial Seasonings® is expected to launch Celestial Seasonings® kombucha in Spring of 2010. Nicole Gervace, owner of Infinitea Kombucha, has joined the Company as Product Manager to manage the Celestial Seasonings kombucha product line.

Celestial Seasonings is a leader in the specialty tea category and has recently celebrated its 40th Anniversary. "We are excited about the opportunity to add kombucha to our Celestial Seasonings brand. Kombucha is a rapidly growing category and a natural brand extension into ready to drink tea," said Peter Burns, General Manager of Celestial Seasonings. "In addition, we are pleased that Nicole has become part of our team bringing her depth of knowledge and expertise in the kombucha category," continued Peter Burns.

Terms of the acquisition, which closed earlier this month, were not disclosed.

Related Articles :

  • The Hain Celestial Group Announces FY09 Q2 Results (2009-02-04)
    The Hain Celestial Group, Inc., has announced their FY09 Q2 results, reporting second quarter net sales of $315.6 million, a 14.2% increase over the prior year's second quarter sales of $276.2 million. Net income in the second quarter was $8.1 million on a GAAP basis and $14.9 million adjusted(1). Diluted earnings per share for the second quarter totaled $0.20 on a GAAP basis and $0.36 adjusted.
  • The Hain Celestial Group Announces Joint Venture With Hutchison China Meditech Limited to Develop Natural and Organic Consumer Products in Asia (2009-10-08)
    Hain Celestial Group, Inc., has announced the signing of a joint venture agreement with Hutchison China Meditech Ltd., to develop natural and organic consumer products in Asia.
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