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
Nestle SA has accelerated its product development process by 60% since 2016, according to the company. The faster speed to market has been achieved through a restructuring of its research and development process. Now the company is investing in various forms of artificial intelligence (AI) and machine learning to further improve its R&D process and generate better results.
German chemicals distributor Brenntag has confirmed potential takeover talks with US rival Univar Solutions and is understood to be debating the feasibility of a potential acquisition in the coming months. Univar Solutions confirms that it has received a preliminary indication of interest from Brenntag regarding a potential transaction.
Cargill has announced the acquisition of Owensboro Grain Company, a soybean processing facility and refinery located in Kentucky. The purchase of the Owensboro-based company will support Cargill’s efforts to “modernise and increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets”.