Hain Celestial Expands in Personal Care With Strategic Acquisition

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Hain Celestial Expands in Personal Care With Strategic Acquisition

Hain Celestial Expands in Personal Care With Strategic Acquisition
February 24
12:39 2015
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The Hain Celestial Group, a leading organic and natural products company with operations in North America, Europe and India, has acquired Belvedere International, a leader in health and beauty care products including the Live Clean® brand. With approximately 200 baby, body and hair care products as well as several mass market brands sold primarily in Canada, Belvedere operates manufacturing facility in Mississauga, Ontario, Canada.

“We are excited by the acquisition of the Live Clean brand, which expands our presence in the personal care category and complements our Avalon Organics®, Alba Botanica® and JASON® brands that we sell into Canada. This acquisition increases the scale of our Canadian operations to over $150 million in net sales and provides us with opportunities for sales expansion and cost efficiencies as we leverage our existing infrastructure in Canada and our manufacturing and research and development expertise in personal care,” says Irwin D Simon, founder, president and chief executive of Hain Celestial.

The Live Clean brand is the leading natural hair care and baby care brand in Canada. In 2014 Belvedere had approximately $25 million in net sales and is expected to be accretive to Hain Celestial’s earnings in fiscal year 2016. Belvedere, which was founded by Rocco Donald Belvedere in 1981, was a family-owned company.

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