Market Updates

Hain Celestial Acquires Imagine Foods

Author Image

By: Sean Moloughney

Editor, Nutraceuticals World

The Hain Celestial Group, Uniondale, NY, has acquired privately-held Imagine Foods, San Carlos, CA, a non-dairy beverage company specializing in aseptic and refrigerated rice and soymilks, organic aseptic soups and broths and organic frozen desserts in the U.S., Canada and Europe. With a presence in the North American and European natural and grocery food channels, Imagine Foods’ sales in its most recent fiscal year totaled approximately $70 million. Imagine Foods’ natural and organic brands include Rice Dream non-dairy aseptic and refrigerated beverages and non-dairy frozen desserts and novelties, Soy Dream non-dairy aseptic and refrigerated beverages and organic non-dairy frozen desserts and novelties, Imagine Natural Organic Soups and Broths and Power Dream soy energy drink. Terms of the transaction were not disclosed.

Keep Up With Our Content. Subscribe To Nutraceuticals World Newsletters