The Hain Celestial Group, Inc., through its Hain Daniels spreads business, has acquired Clarks UK Ltd., a maple syrup and natural sweetener brand in the United Kingdom. Financial terms were not disclosed.
Based in Newport, South Wales, Clarks produces natural sweeteners under the Clarks brand, including maple syrup and honey as well as carob, date and agave syrups. The company generated approximately £7 million (about $9,461,550) in net sales in 2016, and Hain Celestial said it expects Clarks to be accretive to its earnings in fiscal 2019.
“I welcome our new colleagues within Clarks to the business and see significant opportunities to further develop the natural sweeteners category,” said James Skidmore, chief executive officer of Hain Daniels. “The strength of the Clarks brand puts it in a strong position to capitalize on the growing consumer trends towards more natural and healthier foods.”
Hain Daniels, a wholly-owned subsidiary of Hain Celestial, manufactures such brands as Sun-Pat peanut butter, Gale’s honey, Robertson’s marmalade and Hartley’s jam in the United Kingdom.
“We look forward to working with Clarks in expanding the brand’s development in the United Kingdom and continental Europe,” said Irwin D. Simon, founder, president and chief executive officer of Hain Celestial. “The Clarks brand and products are a strategic fit with the Hain Daniels spreads business for various natural sweeteners applications to complement our health and wellness portfolio of brands as consumers continue to seek to reduce their sugar intake and look for better-for-you alternatives to refined sugar.”
By Rebekah Schouten
Source: Food Business News
Carlsberg has announced the departure of its chief financial officer (CFO), Heine Dalsgaard, after six years in the position. In a statement, Carlsberg said that Dalsgaard was resigning from the post to take up the role of CFO at a private equity-backed company in a different industry.
Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio will comprise the main business, while the North America cereal unit and the plant-based business will be spun off. The company is also considering a sale of the plant-based business.
The snacks giant says the acquisition will help build on its commitment to “lead the future of snacking” in key geographies worldwide. Once the transaction is completed, Mondelēz will continue to operate the Clif Bar business from its headquarters in Emeryville, California. The snack giant will also continue to manufacture Clif Bars’ products, which include Clif Bar, Luna and Clif Kid, at its facilities in Idaho and Indiana.