Hain lets go of tofu company

9 May 2019

Hain Celestial has completed the divestiture of the WestSoy tofu, seitan and tempeh businesses to Keystone Natural Holdings, a portfolio company of Keystone Capital focusing on plant-based food.

The divestiture did not include the WestSoy plant-based beverage business, which has been retained by Hain Celestial. The terms of the transaction were not disclosed.

Hain lets go of tofu company

"We are pleased to complete the strategic divestiture of the WestSoy tofu, seitan and tempeh businesses," said Mark L. Schiller, Hain Celestial's President and Chief Executive Officer. "This brand divestiture is in-line with the core objectives of our transformational strategic plan to reduce complexity and streamline our portfolio of brands to drive sustainable growth and shareholder value. We believe the WestSoy tofu, seitan and tempeh business, while not core to our strategy, will be a strong performer in the hands of an owner who is committed in this category and will continue to deliver innovative high-quality products to our customers."


Related categories

Related tags

New

Related news

Symrise invests in Califormulations

Symrise invests in Califormulations

17 May 2019

Symrise has announced the company’s investment in and the creation of a strategic partnership with Califormulations, a platform designed to deliver end-to-end beverage innovation to consumer packaged goods (CPG) companies and their brands.

Read more 
Danone gives access to 1,600 strains

Danone gives access to 1,600 strains

13 May 2019

Celebrating 100 years since the creation of its first yogurt, Danone has announced it will open its collection of 1,800 strains for research purposes.

Read more 
Innova: sweet potatoes are hot

Innova: sweet potatoes are hot

13 May 2019

Global introductions of food and beverage products that use sweet potato as an ingredient, flavour, or more increased by a compound annual growth rate (CAGR) of 21% for the period from 2015 to 2018, according to Innova Market Insights.

Read more 
Azelis, CP Kelco extend arrangement

Azelis, CP Kelco extend arrangement

10 May 2019

Azelis has signed an agreement extension with its strategic partner CP Kelco for the exclusive distribution of CP Kelco products sold into food and beverage applications in Denmark, Sweden, Norway, Finland, Iceland, and the Faroe Islands.

Read more 
Exclusive: Fi Europe and Hi Europe enter a new chapter together

Exclusive: Fi Europe and Hi Europe enter a new chapter together

7 May 2019

Fi Europe, the leading trade show for food and beverage ingredients, and Hi Europe, its counterpart for health ingredients, will become co-located events, alternating between Germany and France.

Read more 
Award-winning startup uses enzymes to cut sugar in fruit juice

Award-winning startup uses enzymes to cut sugar in fruit juice

31 Jan 2019

Fruit juice has come under fire for its high sugar content in recent years, but an Israeli startup called Better Juice has developed an enzyme technology that cuts sugars by up to 80% without adding or subtracting anything from the juice.

Read more 
Food Ingredients North America trade show to debut at SupplySide West in 2019

Food Ingredients North America trade show to debut at SupplySide West in 2019

16 Oct 2018

Informa announces combination of two leading global events to create U.S. “super show” for food, nutrition and health market

Read more 
Mintel highlights innovative, surprising new products in 2018

Mintel highlights innovative, surprising new products in 2018

15 Aug 2018

Food and drink innovation in 2018 continues to be influenced by flavour extremes and the impact of social media in spreading visually stimulating and fun concepts, notes Chris Brockman, EMEA Research Manager at Mintel.

Read more 
Glanbia announces performance nutrition ingredients

Glanbia announces performance nutrition ingredients

25 May 2018

Glanbia Nutritionals has announced what it describes as two new pioneering and innovative performance nutrition ingredients for formulation in functional beverages in Europe, the Middle East and Africa.

Read more 
Ecotrophelia UK shortlist announced

Ecotrophelia UK shortlist announced

24 May 2018

The growing trend for plant-based diets has inspired the teams that have entered this year’s student food innovation competition – Ecotrophelia UK. All five of the shortlisted products are meat-free and four are also vegan.

Read more