date:May 09, 2014
On the heels of a record sales quarter, the Hain Celestial Group, Inc. remains confident in continued growth from recent strategic acquisitions. The company sees big promise in its April purchase of Rudis Organic Bakery, a manufacturer of organic and gluten-free grain based foods, which it bought for a great price at $61.3 million from a private equity firm.
We believe Rudis Organic Bakery will be Hain Celestials next $100 million brand, said John Carroll, executive vice-president and chief exe