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Hain Celestial to Acquire Spectrum Organic Products

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By: Sean Moloughney

Editor, Nutraceuticals World

Natural food channel giant, The Hain Celestial Group, Melville, NY, has signed a definitive agreement and plan of merger with Spectrum Organic Products, Inc., Petaluma, CA, a supplier of healthy oils. According to Irwin Simon, Hain Celestials’ president and CEO, the acquisition of Spectrum’s business offers the company an opportunity to expand its range of products. He also said that Hain Celestial plans on expanding Spectrum’s business for consumers who are increasingly seeking healthy oils. Both companies expect the transaction to be complete in November.

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