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Industry NewsNestle said to be a potential buyer for Hain Celestial

Nestle said to be a potential buyer for Hain Celestial


Nestle is considering the purchase of Hain Celestial Group Inc., according to a Bloomberg report.

Bloomberg notes that Nestle has held preliminary talks about purchasing all or parts of Hain Celestial, according to unnamed sources in the report.

Nestle would benefit from Hain’s U.S. distribution network, but an acquisition would be expensive at current valuations, MainFirst analyst Alain Oberhuber said in a note in the Bloomberg story.

“While an outcome to a deal is currently uncertain, overall we do not find Hain Celestial attractive at current multiples, and there would need to be significant sales and cost synergies to justify such a deal,” he said.

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