During the mid-1990s, Celestial Seasonings controlled an estimated 51 percent of the herb tea market. Live Clean® Spectrum® In 1991 the former IC Industries, which had become Whitman Corp., spun off Pet, which became an independent company. The acquisition was completed in July 1998. Gale’s®, Garden of Eatin’® Hain Pure Food Company was founded in 1926 in Stockton, California, by Harold Hain, who was originally interested in marketing carrot juice. But, it also came up with 24 new products to market. The small but promising natural food company was bought and sold through many larger companies throughout the 1980s and into the early 1990s before it could develop and grow significantly. With the completion of the Hain acquisition, revenues rose to $58.1 million in fiscal 1995. The Hain Celestial Group, Inc. manufactures, markets, distributes and sells natural, organic, medically directed (sugar-free and low-salt), snack and weight management food products, many of which are the top in their categories. Simon moved his company to Uniondale in August 1994 and changed its name to Hain Food Group four months later. Food & Beverage - Private. Hain repackaged the line to connect it more closely to Weight Watchers "1-2-3 Success" theme and added 30 new products. By this time Simon, who had a five-year plan to increase company sales to $500 million by 2002, was paying more attention to promoting Hain Food Group products among consumers rather than merely distributors and retailers. GG® Unique Fiber Farmhouse Fare® Location of similar companies. Hain Food Group's next major acquisition, in October 1997, was that of Westbrae Natural, Inc., a California-based company with sales of nearly $38 million the previous year, for $23.5 million in cash. Chiefly responsible for creating the herb tea industry in the United States, Celestial Seasonings was founded by Mo Siegel and Wyck Hay, who introduced the country's consumers to colorfully packaged, decaffeinated herb teas that offered "soothing teas for a nervous world." Simon repackaged the line in brightly colored, resealable cardboard cartons, introduced rice cake snack bars, and marketed Mini Munchies, a new line of bite-size rice cakes in several flavors, including "strawberry cheesecake." Phone: 516-587-5000. www.hain-celestial.com. Nile Spice® Almond Dream® Health Valley® Westbrae Natural® During fiscal 1996, the company had revenues of $68.6 million and earnings of $2.1 million, and it upped the number of its food products to 250. The Hain Celestial Group Inc is located in Bell, CA, United States and is part of the Personal Care Products Manufacturing Industry. We have always emphasized that our success is built on four key strengths: our brands, our people, our strategy, and our financial performance. This transaction made Hain, according to one of its executives, the nation's leading marketer of foods sold to dieters and other consumers with special medical needs. Simon immediately began to focus on one of Hain's most successful product lines, its all-natural rice cakes, which accounted for about 40 percent of Hain's sales. Merging with Celestial and Forging On: The New Millennium, In May 2000, Hain acquired Celestial Seasonings, the largest manufacturer and marketer of herbal teas in the United States, which had introduced roughly 50 tea varieties throughout the world. Hain Celestial has 1 office. According to Simon, "The transaction combines Hain, with its experience in selling to specialty natural foods markets, and Celestial Seasonings, which has great expertise in successfully reaching the retail mass market.". Our Acquisition Timeline. The company grew well beyond its humble beverage beginnings to become one of North America's oldest and most prominent natural food businesses, known for selling a range of foods that are minimally processed, mostly or completely free of artificial ingredients, preservatives, and other non-naturally-occurring chemicals, and are near to their whole natural state as possible. The company had become involved in a number of promotional campaigns, including ones involving Weight Watchers, the American Diabetic Association, schools, and several cancer groups. Principal Competitors:The B. Manischewitz Company; Bestfoods; Campbell Soup; ConAgra Foods; Frito-Lay; Galaxy Nutritional Foods; Gardenburger; General Mills; Guiltless Gourmet; Kellogg; Kraft Foods; Nestlé; Proctor & Gamble; Quaker Oats; Tofutti Brands. The proceeds of about $21 million were used to pay down debt, which was $16.6 million in mid-1998. Joya® Earth’s Best® H.J. 1999. Simon held 10.7 percent of the shares. 1111 Marcus Ave. Report incorrect company information. There are 92 companies in the The Hain Celestial Group Inc … 1999. JĀSÖN® Hain raised $7.6 million in 1994 from the conversion of warrants to common stock in connection with the company's initial public offering. Linda McCartney® Heinz owns nearly 20 percent of the company. By 1983, the company was offering more than 300 natural and health food items. During this fruitful time with Heinz, Hain continued to make strategic acquisitions and join company with yet another food giant: In December, 1998, Hain bought Nile Spice soup and meal cup from The Quaker Oats Company, and, in May 1999, Hain acquired NNG (Natural Nutrition Group, Inc.), an organic food manufacturer that marketed its products under the Health Valley, Breadshop's and Sahara brands. We are committed to growing sustainably while continuing to implement environmentally sound business practices and manufacturing processes. Dream™ Hain's acquisitions continued in 1996, when Simon purchased Growing Healthy Inc., a fledgling baby food company, and Harry's Premium Snacks, a potato chip and pretzel maker. Robertson’s® It bought Netherlands-based Fruit Chips, maker of Gaston's fruit, vegetable, and potato chips, and then changed its name to Terra Chips to grow the Terra brand in Europe. Accordingly, Hain, in the latter half of 1998, introduced Chicken Broth and Noodles with Echinacea, Country Vegetable with Echinacea, Creamy Split Pea with St. John's Wort, and Chunky Tomato with St. John's Wort. "It allowed me to hire a different level of people, and from a company standpoint, it allowed me to be able to participate in certain advertising and promotions and upgrade systems." Net income increased to a record $3.3 million, inspiring the price of the stock to rise as high as $28.625 a share in the summer of 1998. The Greek Gods® Lima® The company moved into the black that year, with $2.4 million in net income. "But every time I see Quaker ads on TV I just shout, 'Yeah!' Walnut Acres Organic® And, we are excited about our prospects for the future, as we continue toward our objective of becoming a billion-dollar company.