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U.K.’s Competition Regulator Says It Will Likely Okay A Hain Celestial Acquisition

August 19, 2016: 12:00 AM EST
The U.K.’s Competition and Markets Authority has said it will likely accept a proposal from Hain Celestial that would allay the agency’s concerns regarding the American company’s acquisition of British firm Orchard House Foods. The CMA was worried about the impact of the acquisition on Britain’s fruit juice market. To dispel the concerns, Hain Celestial offered to sell its assets in the manufacture and supply of branded and own-label freshly squeezed fruit juice to retail and foodservice customers, except for one juice brand. The company said it would sell the assets to U.K. food and beverage firm Multiple Marketing Limited.
Dean Best, "Hain Celestial Ends Week with Sign of Optimism Over Orchard House Deal in UK", Just-Food, August 19, 2016, © just-food.com
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