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Hain Buys Remaining Interest In Kosher Poultry Producer

March 4, 2015: 12:00 AM EST
Natural/organic foods marketer Hain Celestial Group has purchased the remaining 80 percent of EK Holdings and its subsidiary Empire Kosher Poultry (Mifflintown, Pa.) for about $58 million. The purchase price includes outstanding debt repaid at closing. Empire bought the Kosher Valley brand of natural chicken and turkey products from Hain Pure Protein Corporation in 2010. In exchange, HPPC received a 19 percent interest in Empire. Empire practices sustainable farming, “promotes social justice and strictly observes Jewish dietary laws to produce all-natural poultry products”, Hain said in a statement.
"Hain Celestial Announces Accretive Strategic Acquisition Of Empire Kosher Foods", News release, Hain Celestial, March 04, 2015, © Hain Celestial
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