Lake Success, NY—The Hain Celestial Group, Inc. has completed the divestiture of Danival to a subsidiary of Wessanen N.V., according to a press release.
Danival sells organic products made from fruits and vegetables sourced from France. A press release from Wessanen notes that Danival supports more than 30 farmers in the area through fair partnerships, complying with a Commercial Charter of Solidarity. The company has been certified a Sustainable Organic Company (BioED) for its commitment to sustainable development.
Wessanen’s press release says that Danival’s commitments “are a perfect fit” with the company’s purpose of connecting to nature, and proof of Wessanen’s role as Europe’s first multinational B Corp food business.
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Christophe Barnouin, CEO of Wessanen, said in the press release: “We are very pleased to welcome Danival and its teams to Wessanen. Danival will be a perfect fit with our family of companies. The brand is a pioneer in the organic French market with strong commitments: 100% organic, locally sourced, free from flavours, food colourings and thickeners. It reinforces our commitment to the French HFS channel and strengthens our position in the Veggie Meals category with own production facilities and local sourcing in South West France. Our ambition is to further grow Danival’s business and leverage their sustainability commitment across Wessanen.”
Mark L. Schiller, President and CEO of Hain, said in the company’s press release: “We are pleased to complete the strategic sale of Danival in Europe to Wessanen, a leader in healthy and sustainable food in the European market. This transaction helps to further our brand portfolio simplification journey as we continue to improve our margins and cash flow to fuel long term sustainable growth and profitability.”
Details of the divestiture were not disclosed.