MELVILLE, N.Y., Aug. 27 /PRNewswire-FirstCall/ -- The Hain Celestial Group (Nasdaq: HAIN) and Cargill Health & Food Technologies (H&FT) have announced plans to jointly develop new food and beverages product solutions for consumers to address a broad range of health concerns.
"By combining our expertise, we bring two industry leaders together to focus on the development of the next generation of functional beverages, one of the hottest categories serving today's health-conscious consumers. This collaboration will complement our current health brands and allow us to continue to exceed consumer expectations," said Irwin Simon, chairman, president and chief executive officer of The Hain Celestial Group.
"The Hain Celestial Group and Cargill Health & Food Technologies share a common goal of producing great tasting, healthy solutions for consumers," said Ted Ziemann, president of Cargill HF&T. "We are excited about the opportunities to explore new formulations with our family of ingredient brands including: CoroWise(TM) phytosterols, AdvantaSoy(TM) isoflavones, Ascend(TM) trehalose, Oliggo-Fiber(TM) inulin, and OptaFlex(TM) chondroitin."
"For example, we look forward to bringing exciting extensions to our Rice Dream, Soy Dream and WestSoy non-dairy beverages to consumers," Simon said. "Our beverage categories have already set the bar high nutritionally. With the addition of Cargill's high value ingredients, proprietary technologies and food formulation expertise, we expect to surpass consumers' desire for great taste."
Both companies predict that this collaboration will further accelerate growth in the functional foods and beverages categories with a combination of synergistic resources typically not seen in this industry.
About The Hain Celestial Group
The Hain Celestial Group, headquartered in Melville, NY, is a natural, specialty and snack food company. The Company is a leader in 13 of the top 15 natural food categories, with such well-known natural food brands as Celestial Seasonings (R) teas, Walnut Acres(R), Hain Pure Foods(R), Westbrae(R), Westsoy(R), Rice Dream(R), Soy Dream(R), Imagine(R), Arrowhead Mills(R), Health Valley(R), Breadshop's(R), Casbah(R), Garden of Eatin(R), Terra Chips(R), Yves Veggie Cuisine(R), The Good Dog (R), The Good Slice(R), DeBoles(R), Lima(R), Biomarche(R), Grains Noirs(R), Earth's Best(R), and Nile Spice. The Company's principal specialty product lines include Hollywood(R) cooking oils, Estee(R) sugar-free products, Kineret(R) kosher foods, Boston Better Snacks(R), and Alba Foods(R). The Hain Celestial Group's website can be found at www.hain-celestial.com.
About Cargill Health & Food Technologies
Cargill Health & Food Technologies, based in Minneapolis, is a leading developer, processor and marketer of science-based, healthy ingredients for food and dietary supplements worldwide. Cargill H&FT is part of Cargill's Food System Design initiative in which Cargill businesses work with customers to produce ingredient solutions for affordable, nutritious, convenient and appetizing consumer products. Cargill H&FT is a business unit of Cargill, Incorporated, an international marketer, processor and distributor of agricultural, food, financial and industrial products and services with 98,000 employees in 61 countries. The company provides distinctive customer solutions in supply chain management, food applications, and health and nutrition. www.cargillhft.com
Statements made in this Press Release that are estimates of past or future performance are based on a number of factors, some of which are outside of the Company's control. Statements made in this Press Release that state the intentions, beliefs expectations or predictions of The Hain Celestial Group and its management for the future are forward-looking statements. It is important to note that actual results could differ materially from those projected in such forward-looking statements. Information concerning factors that could cause actual results to differ materially from those in forward-looking statements is contained from time to time in filings of The Hain Celestial Group with the U.S. Securities and Exchange Commission. Copies of these filings may be obtained by contacting The Hain Celestial Group or the SEC.