By Edward Devlin2021-01-15T16:51:00+00:00
Hain Celestial has sold its Orchard House own label juice business to private equity firm Elaghmore as it continues to simplify its European portfolio.
The price tag for the deal is undisclosed, but it is understood the PE fund paid about £25m for the producer of prepared fruit and freshly squeezed juice.
Orchard House supplies retailers, on-the-go food outlets, foodservice providers and manufacturers across the UK, including M&S, Morrisons, Sainsbury’s, Tesco and Pret a Manger.
The business is based in Northamptonshire, with additional facilities in Gateshead, employing a total of 1,000 staff and turning over more than £130m annually.