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Hain Celestial Eyes Deals for Personal Care, Cosmetics Businesses

2015-03-03 18:10:22| Food - Topix.net

The Lake Success, N.Y.-based maker of natural and organic products wants to double the sales contributed by its personal care unit to between $300 million and $400 million, Hain CEO Irwin Simon noted at a recent industry conference. Personal care constitutes 6% of Hain's roughly $2.15 billion in 2014 net sales, or close to $130 million, according to the company's regulatory filing for the fiscal year ended June 30. Simon, however, said that Hain would be disciplined in its acquisition strategy .

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