Hain Celestial Group
 |
|
| Public | |
| Traded as |
NASDAQ: HAIN S&P 400 Component |
| Industry | Foodstuffs, personal care products, and meat alternative products |
| Founded | 1993 |
| Headquarters | Lake Success, New York, United States |
|
Key people
|
Irwin D. Simon, President and CEO |
| Revenue |
 $2.69 Billion USD (2015) |
|
Number of employees
|
6,307 (2016 figure) |
| Website | www |
The Hain Celestial Group is an American food company whose main focus is foods and personal care products. Their products range from herbal teas, offered through their Celestial Seasonings brand, to chickens from the FreeBird brand. They also provide whole grain foods through Arrowhead Mills. The company assumed its current form in May 2000 through the merger of the Hain Food Group with Celestial Seasonings, Inc.
The H. J. Heinz Company acquired 19.5% of the company in 1999, but subsequently divested itself of all holdings in 2005. On May 7, 2002, the company prior year periods had been restated by reclassifying promotional allowances and other sales incentives of $16.8 million in the third quarter of 2001. On January 13, 2014, the company acquired the rice company Tilda for $357 Million.
In 2013 Hain Celestial became one of 25 companies targeted in an ongoing class action lawsuit regarding allegations of falsely labeling their personal care products (including Celestial Seasonings) as 'organic' under California law (California Products Act of 2003) to mislead consumers into purchasing them. According to Glaucas Research Group and Eurofins, many of these products, including beverages, are filled with high levels of pesticide, far above US federal limits.
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Wikipedia