Nestle is among the potential suitors exploring an acquisition of Hain Celestial, Bloomberg wrote earlier Monday.
The owner of Health Valley cereal and Terra chips has been working with Centerview Partners to explore a strategic review that could include a sale.
Nestle has had conversations about buying the company as a whole or in parts, Bloomberg said.
Hain’s strategic review comes after a fight with activist investor Engaged Capital that led to changes in its board.
Shares of Hain, which has a market capitalization of $4.3 billion, spiked 7 percent before being halted in afternoon trading. After resuming trade, Hain shares ended the day 2.6 percent higher at $40.89.
By Lauren Hirsch
International Flavors & Fragrances (IFF) has announced the appointment of Frank Clyburn as CEO and member of the board of directors, effective 14 February 2022. Clyburn, who will step down from his position as executive VP and president of human health at Merck & Co, succeeds current IFF CEO Andreas Fibig
Jack Link’s-owned meat snacking brand Peperami has launched new chorizo five-packs to add to its extensive snack portfolio. The new chorizo sticks are made with 100% pork, packed with protein, contain 99 calories and are unpasteurised to maintain a fuller flavour — providing a shelf life of over six months.
While foam is certainly desirable in the bathtub or on beer, preventing foam – for example in industrial processes – is a much-discussed topic. A team of researchers at the Max Planck Institute for Polymer Research has now shown that so-called “superamphiphobic surfaces” can be used to prevent foaming.