Seeking Alpha

Hain Celestial makes strategic acquisition

  • Hain Celestial (HAIN +2.5%) says its $61.3M purchase of Rudi's Organic Bakery will be accretive in FY15.
  • Rudi's generated sales of $60M last year across a variety of organic products.
  • Shares of HAIN are showing strength following the acquisition news.
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