In calendar year 2013, Tilda generated approximately $190m in net sales and is expected to be accretive to Hain Celestial’s adjusted earnings in the second half of fiscal year 2014 by $0.06 to $0.10 per diluted share.
“We are very excited by the strategic acquisition of Tilda, which expands our worldwide better-for-you product portfolio into the premium Basmati rice category along with other specialty rice products,” said Irwin D Simon, founder, president and CEO of Hain Celestial. “We plan to grow the Tilda brand further using our existing solid distribution platform in the US, Canada and Europe with Basmati and ready-to-heat rice product offerings.
“Additionally, Tilda’s existing, fast-growing markets in MENA and India provide us with new markets for expansion of our global brands, including Earth’s Best, Ella’s Kitchen, Celestial Seasonings, Terra, Rice Dream and Almond Dream, to name a few.”
Source: The Hain Celestial Group
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