Hain Celestial acquires brands from American Capital; deal to add to earnings

Hain Celestial acquires brands from American Capital; deal to add to earnings

Hain Celestial acquires brands from American Capital; deal to add to earnings
 
Hain Celestial Group Inc. said Thursday it has acquired the MaraNatha and SunSpire brands and their nut butter manufacturing facility in Ashland, Ore., from American Capital Strategies Ltd.

Financial terms of the deal weren't disclosed.

MaraNatha is a producer of natural and organic nut butters. SunSpire is a maker of natural and organic chocolate products.

The brands generated sales of about $40 million in the United States and Canada last year, the company said.

Melville, N.Y.-based Hain Celestial said it expects the transaction to add to its earnings in fiscal 2009.

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