LAKE SUCCESS, N.Y., Nov. 21, 2013 /PRNewswire/ -- The Hain Celestial Group, Inc. (NASDAQ: HAIN) a leading organic and natural products company providing consumers with A Healthier Way of Life™, today announced its 20th anniversary as a public company.
"Twenty years ago, I founded Hain Celestial as a start-up company on Long Island with a handful of employees and a focus on the natural health food market. We had a market capitalization of $7.8 million, and we generated less than $200,000 in sales. Today, we are a leading organic and natural products company in North America and Europe with a wellness platform of innovative, better-for-you products," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "In our last fiscal year ended June 30, 2013, we generated nearly $2 billion in sales and earned $2.41 per diluted share. Today, our market capitalization is approximately $4.0 billion, we employ 4,000 people in the United States, Canada and Europe with 24 manufacturing facilities and export our products worldwide."
"Consumers are more mindful of eating a healthy and nutritious diet, and are concerned that being overweight and obese lead to higher incidences of cancer, diabetes, depression and other chronic issues, as well as increased healthcare costs. These concerns are driving demand for healthier eating options," continued Irwin Simon. "Consumers are also increasingly voicing their right to know what is in their products by demanding transparency in the labeling of products for genetically modified organisms (GMOs). Lastly, the U.S. Food and Drug Administration Center for Food Safety and Applied Nutrition has made a preliminary determination that partially hydrogenated oils, the primary dietary source of artificial trans fat in processed foods, are not 'generally recognized as safe' for use in food. All of these trends are positively impacting the growth of the organic and natural sector."
"I am proud of our accomplishments over the past 20 years. It is an exciting time for our brands, our people and the opportunity to sell healthier food and personal care products around the world. We look forward to the next 20 years of Hain Celestial, and we appreciate the hard work and dedication of our employees and the support of our vendors, trade partners and shareholders. Without you, we could not enjoy the success that we have today," concluded Irwin Simon.
The Hain Celestial Group, Inc.
The Hain Celestial Group (HAIN), headquartered in Lake Success, NY, is a leading organic and natural products company in North America and Europe. Hain Celestial participates in many natural categories with well-known brands that include Celestial Seasonings®, Earth's Best®, Ella's Kitchen®, Terra®, Garden of Eatin'®, Sensible Portions®, Health Valley®, Arrowhead Mills®, MaraNatha®, SunSpire®, DeBoles®, Gluten Free Café™, Hain Pure Foods®, Spectrum®, Spectrum Essentials®, Walnut Acres Organic®, Imagine®, Almond Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®, BluePrint®, Yves Veggie Cuisine®, Europe's Best®, Cully & Sully®, New Covent Garden Soup Co.®, Johnson's Juice Co.®, Farmhouse Fare®, Hartley's®, Sun-Pat®, Gale's®, Robertson's®, Frank Cooper's®, Linda McCartney®, Lima®, Danival®, GG UniqueFiber®, JASON®, Avalon Organics®, Alba Botanica® and Queen Helene®. Hain Celestial has been providing A Healthier Way of Life™ since 1993. For more information, visit www.hain.com.
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- Hain Celestial