Private Equity Buyout
Food & Beverage
Spayne Lindsay & Co. advises The Hain Celestial Group, Inc. on the sale of its UK fruit business, Orchard House Foods Ltd, to Elaghmore.
Spayne Lindsay is delighted to announce that it has advised The Hain Celestial Group, Inc. (‘Hain’) on the sale of Orchard House Foods Ltd (‘Orchard House’), to Elaghmore, a UK based private equity firm.
Founded in 1985, Orchard House is one of the UK’s largest suppliers of prepared fruit, fresh fruit drinks and desserts. Orchard House supplies leading retailers, on-the-go food outlets, foodservice providers, and food manufacturers. Headquartered in Corby, with additional facilities in Gateshead, Orchard House employs around 1,000 people and utilises a global supply chain to source a range of exotic fresh fruits from across the world.
Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer, commented:
“We are pleased to complete the strategic sale of our fruit business to Elaghmore, a private equity firm focused on buying and growing UK businesses. The divestment of this complex, non-core asset fully aligns with our brand simplification and strategic transformation processes.”