Hain Celestial sees deal accretive in FY13

The company expects that the purchase of the Premier Foods brands will close by the end of October, and further estimates that sales during the eight-month period from closing to June 30, 2013 will approximate $180M with accretion in earnings per diluted share during that period approximating 25c before acquisition related charges. These sales and accretion estimates, which are expected to be updated upon closing of the transaction, are not included in the company's fiscal year 2013 guidance.