M&A Deal Summary

Hain Celestial Acquires Arrowhead Mills

On July 1, 1998, Hain Celestial acquired food company Arrowhead Mills from TSG Consumer Partners

Acquisition Highlights
  • This is Hain Celestial’s 4th transaction in the Food sector.
  • This is Hain Celestial’s 4th transaction in the United States.
  • This is Hain Celestial’s 1st transaction in Texas.
Investment Fate
  • Arrowhead Mills was divested to a consortium of strategic buyers in 2019.

M&A Deal Summary

Date 1998-07-01
Target Arrowhead Mills
Sector Food
Buyer(s) Hain Celestial
Sellers(s) TSG Consumer Partners
Deal Type Add-on Acquisition

Target

Arrowhead Mills

Hereford, Texas, United States
Arrowhead Mills, Inc. is a provider of organic baking, mixes, grains, cereals and nut butter. The company competes primarily in the baking and breakfast categories. Arrowhead Mills was founded in 1960 in the Texas Panhandle by Frank Ford.

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Buyer(S) 1

Buyer

Hain Celestial

Hoboken, New Jersey, United States

Category Company
Founded 1993
Sector Consumer Products
Employees2,786
Revenue 1.7B USD (2024)
DESCRIPTION

Hain Celestial is a natural and organic food and personal care products company in North America and Europe. Hain Celestial was founded in 1993 and is based in Hoboken, New Jersey.


DEAL STATS #
Overall 4 of 31
Sector: Food M&A 4 of 23
Type: Add-on Acquisition M&A Deals 4 of 28
State: Texas M&A 1 of 1
Country: United States M&A 4 of 24
Year: 1998 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 DeBoles Nutritional Foods

Boulder, Colorado, United States

DeBoles Nutritional Foods, Inc. is a producer and manufacturer of organic pastas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-06 Celestial Seasonings

Boulder, Colorado, United States

Celestial Seasonings is the largest manufacturer and marketer of herb teas in the United States. Its leading brands of herb teas included Sleepytime, Lemon Zinger, Mandarin Orange Spice, Peppermint and a variety of other proprietary blends. The company also manufactures an array of specialty black teas and a line of Iced Delight iced teas, and entered into an agreement with Perrier Group of America under which Perrier manufactures and markets a full line of ready-to-drink Celestial Seasonings bottled iced tea products in the United States.

Buy -

Seller(S) 1

SELLER

TSG Consumer Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 14.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

TSG Consumer Partners (formerly known as The Shansby Group) is a specialist private equity firm focused on acquiring and building mid-sized, branded consumer companies. TSG invests in private and publicly traded companies, and will consider both majority and minority equity positions. Specific sectors of interest include apparel, beauty, e-commerce, personal care, retail, food/beverages, restaurants, health/wellness, household products, and pet care. TSG looks for companies with sales between $20 million and $1.5 billion and can invest commit up to $500 million per transaction. TSG Consumer Partners was formed in 1987 and is based in San Francisco, California.


DEAL STATS #
Overall 3 of 40
Sector: Food M&A 3 of 14
Type: Add-on Acquisition M&A Deals 3 of 31
State: Texas M&A 1 of 1
Country: United States M&A 3 of 38
Year: 1998 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-07-01 DeBoles Nutritional Foods

Boulder, Colorado, United States

DeBoles Nutritional Foods, Inc. is a producer and manufacturer of organic pastas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-11 Cutex Brands

Festus, Missouri, United States

Cutex Brands LLC is a producer of nail polish removers and nail treatments, sold through drug stores, mass merchandisers, supermarkets.

Buy $30M