Upcoming Issue Highlights
Natural Products EXPO EAST
SOHO Expo

Hain Celestial Acquires Rudi’s Organic Bakery

| May 12, 2014

The Hain Celestial Group, Inc. (Lake Success, NY) has announced the acquisition of Rudi's Organic Bakery, Inc. a leading organic and gluten-free company with facilities in Boulder, CO. Under the Rudi's Organic Bakery and Rudi's Gluten-Free Bakery brands, Rudi's offers a range of approximately 60 products including U.S. Department of Agriculture (USDA)-certified organic breads, buns, bagels, tortillas, wraps and soft pretzels and Gluten-Free Certification Organization (GFCO)-certified natural breads, buns, pizza crusts, tortillas, snack bars and stuffing in the United States and Canada.

In calendar year 2013, Rudi's generated approximately $60 million in net sales and is expected to be accretive to Hain Celestial's earnings in fiscal year 2015. The purchase price of $61.3 million consisted of cash and common shares of Hain Celestial. Rudi's was a portfolio company of Charterhouse Equity Partners LLC.

"We are very excited by the strategic acquisition of Rudi's, a leading certified organic bread brand, which expands our participation into 11 of the top 20 natural categories in the United States,” said Irwin D. Simon, founder, president and CEO of Hain Celestial. At Hain Celestial we look for the latest trends, and consumers are increasing their purchases of whole grains, organic and gluten-free product offerings.

"I am thrilled for all of the employees of Rudi's that we are joining the Hain Celestial family! They are a leader in organic and natural products, and this will be the perfect home for our brand, an industry icon since 1976," added Jane S. Miller, president and CEO of Rudi's.

For more information, visit www.hain-celestial.com or www.rudisbakery.com.

The Hain Celestial Group, Inc. (Lake Success, NY) has announced the acquisition of Rudi's Organic Bakery, Inc. a leading organic and gluten-free company with facilities in Boulder, CO. Under the Rudi's Organic Bakery and Rudi's Gluten-Free Bakery brands, Rudi's offers a range of approximately 60 products including U.S. Department of Agriculture (USDA)-certified organic breads, buns, bagels, tortillas, wraps and soft pretzels and Gluten-Free Certification Organization (GFCO)-certified natural breads, buns, pizza crusts, tortillas, snack bars and stuffing in the United States and Canada.

In calendar year 2013, Rudi's generated approximately $60 million in net sales and is expected to be accretive to Hain Celestial's earnings in fiscal year 2015. The purchase price of $61.3 million consisted of cash and common shares of Hain Celestial. Rudi's was a portfolio company of Charterhouse Equity Partners LLC.

"We are very excited by the strategic acquisition of Rudi's, a leading certified organic bread brand, which expands our participation into 11 of the top 20 natural categories in the United States,” said Irwin D. Simon, founder, president and CEO of Hain Celestial. At Hain Celestial we look for the latest trends, and consumers are increasing their purchases of whole grains, organic and gluten-free product offerings.

"I am thrilled for all of the employees of Rudi's that we are joining the Hain Celestial family! They are a leader in organic and natural products, and this will be the perfect home for our brand, an industry icon since 1976," added Jane S. Miller, president and CEO of Rudi's.

For more information, visit www.hain-celestial.com or www.rudisbakery.com.

Related Articles