Is Heinz Ready to Acquire Hain Celestial Group?

Source: Business Week On-line

A Business Week On-line article speculates on whether H.J. Heinz will acquire natural-and-organic-food giant Hain Celestial Group (HAIN ). Heinz already owns 18% of the company and products such as Hain Pure Foods, Terra Chips, Soy Smoothie, and Celestial Tea seem to have lost appeal with stock price dropping recently to below $17.

A 1999 agreement between the companies for production and marketing includes working together for much of procurement, manufacturing, logistics, marketing, sales and distribution.

Speculation is that the time is close for Heinz to complete the outright purchase, and Heinz has the resources to accomplish this.

Article can be located at: A Natural for Heinz

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