June 16, 2010 (FinancialWire) — The Hain Celestial Group, Inc. (NASDAQ: HAIN), a natural and organic products company, s id it has acquired theassets and business of World Gourmet Marketing, L.L.C., including its Sensible Portions brand of Garden Veggie Straws, Pita Bites and other snack products.

Sensible Portions' products are sold in the club, mass and supermarket channels.  The transaction is expected to be accretive to Hain Celestial's earnings during the first quarter of its fiscal year 2011.

World Gourmet co-founder Jason Cohen will serve as president of Hain Celestial's Club Division, reporting to John Carroll, CEO of Hain Celestial United States. In this capacity, Cohen will be responsible for sales of all Hain Celestial brands into the club channel. World Gourmet co-founder Jerry Bello will serve as VP for Snacks and Corporate Innovation, reporting to Cohen.

In this capacity Bello will lead the development and innovation of snack foods with new concepts for various Hain Celestial brands from the Sensible Portions Lancaster, Pennsylvania facility.

Terms of the acquisition, which closed June 15, were not disclosed.  

New York-based Hain Celestial is a natural and organic products company in North America and Europe.

Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate, courtesy of Stock Smart (at http://investrend.stocksmart.com/ss/html/hpcompany.html).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

[hlmsmlh] [ffddbvrg] [mrgrsacqstns] [btnwswntb]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.