Hometown Food Co. acquires the Arrowhead Mills and SunSpire brands from The Hain Celestial Group
Hometown Food Company ("Hometown Foods"), a wholly-owned portfolio company of Brynwood Partners VII L.P. and Brynwood Partners VIII L.P., is pleased to announce that it has acquired the Arrowhead Mills and SunSpire brands from The Hain Celestial Group, Inc. for $15 million subject to customary post-closing adjustments. The transaction includes a manufacturing facility in Hereford, TX and its employees.
"We are delighted to announce the acquisition of the Arrowhead Mills and SunSpire brands into Hometown Foods," said Henk Hartong, chairman and CEO of Brynwood Partners. "Arrowhead Mills and SunSpire were pioneers in the organic, non-GMO ingredients space and we are excited to add these tremendous brands to our portfolio. This acquisition strengthens our industry position by adding improved capabilities in the better-for-you space that we plan to extend into our other categories."