date:Jul 21, 2014
The Hain Celestial Group, a natural and organic products company, has acquired the remaining 51.3% of stake in Hain Pure Protein.
The purchase price of the stake was $40m.
Jay Lieberman, COO of Hain Pure Protein, will continue to be responsible for the day-to-day operations of the company, which will be a separate operating segment of the company reporting to Irwin Simon.
With HPP's expertise in food service, Ted Maguire, senior vice president, sales of Hain Pure Protein will now be responsib