Hain Celestial completes the sale of Plainville FarmsHain Celestial completes the sale of Plainville Farms
Plainville Farms did not contribute to earnings or cash flow in the company's fiscal year 2018.
February 22, 2019
The Hain Celestial Group, Inc., today announced that it has completed the first step in its divestiture of the Hain Pure Protein operating segment with the sale of the Plainville Farms business to Plainville Brands, LLC, a Delaware limited liability company backed by a group of private investors. Plainville Farms did not contribute to earnings or cash flow in fiscal year 2018. With respect to the divestiture of the remainder of its Hain Pure Protein operating segment, the process remains ongoing and the company continues to anticipate closing in the coming months.
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