The Hain Celestial Group Inc., Lake Success, N.Y., an organic and natural products company, acquired Rudi’s Organic Bakery Inc., an organic and gluten-free company in Boulder, Colo. Under the Rudi's Organic Bakery and Rudi's Gluten-Free Bakery brands, Rudi's offers approximately 60 products, including organic breads, buns, bagels, tortillas, wraps and soft pretzels certified by the U.S. Department of Agriculture (USDA) and natural breads, buns, pizza crusts, tortillas, snack bars and stuffing certified by the Gluten-Free Certification Organization (GFCO).
In 2013, Rudi's generated approximately $60 million in net sales and is expected to be accretive to Hain Celestial's earnings in fiscal year 2015. The purchase price of $61.3 million consisted of cash and common shares of Hain Celestial. Rudi's was a portfolio company of Charterhouse Equity Partners LLC.