Austria: Mona Group to be acquired by Hain Celestial
Hain Celestial, a natural and organic food and healthcare company, has announced the acquisition of Mona Group for an undisclosed amount.
"This acquisition increases the scale of our plant-based operations to over $100m net sales in Europe in a growing category of branded and private label products, while providing us with additional manufacturing capacity”, Hain Celestial president and CEO Irwin D. Simon said.
Mona offers a wide range of organic and natural products under the Joya and Happy brands, including soy, oat, rice and nut-based drinks as well as plant-based yogurts, desserts, creamers, tofu and private label products.
"Mona also presents us with the opportunity to expand our European product offerings of Lima, Ella's Kitchen, Frank Cooper's, Robertson's and Sun-Pat brands into Austria, Germany and other central and eastern European countries, including the Czech Republic, Hungary, Romania, Serbia and Slovakia", Mr Simon added.
With the acquisition of Mona, Hain Celestial Europe will gain three facilities producing plant-based beverages – two in Germany and one in Austria – serving the European markets. Mona's Vienna office will be the base for expansion into Eastern Europe, Hain Celestial said.
Source: Hain Celestial (via PR Newswire)