The purchase, which is subject to approval by Premier Foods shareholders and consent from its banking syndicate, is expected to close by the end of October 2012.
The acquisition is expected to be accretive to Hain Celestial’s earnings upon closing.
Hain Daniels Group, wholly owned by Hain Celestial, was established in October 2011 following the acquisition of The Daniels Group. Hain Daniels makes and sells fresh food and drinks in eight chilled and frozen food categories under brands including the New Covent Garden Soup Co.
Source: Hain Celestial
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