LAKE SUCCESS, N.Y.,
June 28, 2017 /PRNewswire/
-- The Hain Celestial Group, Inc. (Nasdaq: HAIN),
a leading organic and natural products company with operations in
North America, Europe and India providing consumers with A Healthier Way
of Life™, today announced the purchase of The Better
Bean Company ("Better Bean"). Better Bean, based in
Portland, Oregon, was founded in
2010 by the father and daughter team of Keith and Hannah Kullberg, to make eating beans
easy, tasty and healthy. Better Bean will augment Hain
Celestial's offerings in the perimeter of the store, a coveted
area. Better Bean is the the first acquisition by the Hain
Celestial Cultivate Ventures strategic platform.
Better Bean offers consumers "The First Innovation in Beans
Since the Can!," prepared beans and bean-based dips sold in chilled
deli tubs. With eight plant-based varieties, Better Bean products
contain at least five grams of fiber and six grams of protein per
serving. They are also Non-GMO Project Verified, Certified Vegan
and gluten-free. Additionally, Better Bean is a Certified B
Corporation, whose mission and values are very much in line with
those of Hain Celestial.
"Better Bean is well-suited for the Cultivate Ventures portfolio
given our focus on the perimeter of the store with our
BluePrint® functional beverages, Yves Veggie
Cuisine® vegetarian offerings and Health
Valley® refrigerated soup products. Better Bean
products are aligned with consumer demand for nutritious food,
plant-based protein, fiber, clean labels and convenience," said
Beena Goldenberg, Chief Executive
Officer of Cultivate Ventures and Hain Celestial Canada.
"We expect to catapult Better Bean's growth by leveraging Hain
Celestial's strength in sales, distribution, marketing and brand
building, which should allow more consumers to experience Better
Beans," said Keith Kullberg, Founder
and Chief Executive Officer of Better Bean. "Hain Celestial's
decades' long commitment to making healthier, better-for-you food
more accessible complements Better Beans' mission to bring the
world clean, tasty and convenient beans."
Cultivate Ventures is dedicated to investing in smaller
portfolio brands, lifestyle brands and concepts, and incubator
opportunities in high growth categories.
The Hain Celestial Group, Inc.
The Hain Celestial
Group (Nasdaq: HAIN), headquartered in Lake Success, NY, is a leading organic and
natural products company with operations in North America, Europe and India. Hain Celestial participates in many
natural categories with well-known brands that include Celestial
Seasonings®, Earth's Best®, Ella's Kitchen®, Terra®, Garden of
Eatin'®, Sensible Portions®, Health Valley®, Arrowhead Mills®,
MaraNatha®, SunSpire®, DeBoles®, Casbah®, Rudi's Organic Bakery®,
Hain Pure Foods®, Spectrum®, Spectrum Essentials®, Imagine®, Almond
Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®,
BluePrint®, FreeBird®, Plainville Farms®, Empire®, Kosher Valley®,
Yves Veggie Cuisine®, Europe's
Best®, Cully & Sully®, New Covent Garden Soup Co.®, Yorkshire
Provender™, Johnson's Juice Co.®, Farmhouse Fare®, Hartley's®,
Sun-Pat®, Gale's®, Robertson's®, Frank
Cooper's®, Linda McCartney®, Lima®, Danival®, Joya®,
Natumi®, GG UniqueFiber®, Tilda®, JASON®, Avalon Organics®, Alba
Botanica®, Live Clean® and Queen Helene®. Hain Celestial has been
providing A Healthier Way of Life™ since 1993. For more
information, visit www.hain.com.
Safe Harbor Statement
Certain statements
contained in this press release constitute "forward-looking
statements" under the Private Securities Litigation Reform Act of
1995. Words such as "plan," "continue," "expect," "expected,"
"anticipate," "intend", "estimate," "believe," "seek", "may,"
"potential," "can," "positioned," "should," "future," and similar
expressions, or the negative of those expressions, may identify
forward-looking statements. These forward-looking statements
include the Company's beliefs or expectations relating to the
growth of the Better Bean business and sales and distribution
opportunities. Such forward-looking statements involve known
and unknown risks, uncertainties, and other factors which may cause
the Company's actual results, levels of activity, performance or
achievements of the Company, or industry results, to be materially
different from any future results, levels of activity, performance
or achievements expressed or implied by such forward-looking
statements. As a result of the foregoing and other factors, no
assurance can be given as to future results, levels of activity and
achievements and neither the Company nor any person assumes
responsibility for the accuracy and completeness of these
statements
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/hain-celestials-cultivate-ventures-announces-first-strategic-acquisition-300480946.html
SOURCE The Hain Celestial Group, Inc.