M&A Deal Summary

SunOpta Acquires The Hain Celestial Group - Dream and WestSoy Brands

On April 15, 2021, SunOpta acquired food company The Hain Celestial Group - Dream and WestSoy Brands from Hain Celestial for 33M USD

Acquisition Highlights
  • This is SunOpta’s 19th transaction in the Food sector.
  • This is SunOpta’s 2nd largest (disclosed) transaction.
  • This is SunOpta’s 16th transaction in the United States.
  • This is SunOpta’s 1st transaction in New York.

M&A Deal Summary
Date 2021-04-15
Target The Hain Celestial Group - Dream and WestSoy Brands
Sector Food
Buyer(s) SunOpta
Sellers(s) Hain Celestial
Deal Type Divestiture
Deal Value 33M USD

Target

The Hain Celestial Group - Dream and WestSoy Brands

Lake Success, New York, United States
The Hain Celestial Group's Dream and WestSoy Brands provides plant-based offerings, including plant based beverages, frozen desserts, yogurts & chocolate, all enrolled in the Non-GMO Project.

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Buyer(S) 1

Buyer

SunOpta

Eden Prairie, Minnesota, United States
Category Company
Founded 1973
Sector Food
Employees1,174
Revenue 630M USD (2023)
DESCRIPTION

SunOpta is the largest soy processing company in North America, supplying branded product manufacturers such as Hain Celestial (West Soy) and Dean Foods (Silk). The Company also sells other organic, non-genetically modified soy, oat and corn ingredients to food manufacturers. In addition, SunOpta is the largest distributor of organic groceries in Canada. SunOpta?s other holdings include an environmental services company involved in cleaning bridges, ships and other surfaces; and a steam explosion technology division dedicated to exploiting a proprietary technology for extracting pulp in an environmentally friendly manner from straw and other natural products. SunOpta was founded in 1973 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 35 of 35
Sector (Food) 19 of 19
Type (Divestiture) 2 of 2
State (New York) 1 of 1
Country (United States) 16 of 16
Year (2021) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 SunOpta - Global Ingredients Segment

Mississauga, Ontario, Canada

SunOpta, Inc.'s Global Ingredients Segment includes processing facilities located in Amsterdam, the Netherlands; Silistra, Bulgaria; Addis Ababa, Ethiopia; and Yirgalem, Ethiopia.

Sell €330M

Seller(S) 1

SELLER

Hain Celestial

Lake Success, New York, United States
Category Company
Founded 1993
Sector Consumer Products
Employees4,287
Revenue 1.8B USD (2023)
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 Lake Success, New York.

DEAL STATS #
Overall 9 of 10
Sector (Food) 7 of 8
Type (Divestiture) 8 of 9
State (New York) 4 of 4
Country (United States) 8 of 9
Year (2021) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 Danival SAS

Andiran, France

Danival focused on creating and manufacturing organic canned sweet and savory products and producing Japanese products and untreated salt. Danival was formed in 1990 and is based in Andiran, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 That’s How We Roll

Montclair, New Jersey, United States

That’s How We Roll is a producer and marketer of ParmCrisps and Thinsters, two fast-growing, better-for-you brands offering delicious, convenient products. That’s How We Roll is based in Montclair, New Jersey.

Buy -
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