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Greetings, and welcome to the Hain Celestial Third Quarter 2021 Earnings Conference Call. [Operator Instructions] It is now my pleasure to introduce your host, Anna Kate Heller. Thank you, Anna Kate. You may begin. Anna Kate Heller Investor Relations Thank you. Good morning, and thank you for joining us on Hain Celestial s Third Quarter Fiscal Year 2021 Earnings Conference Call. On the call today are Mark Schiller, President and Chief Executive Officer; and Javier Idrovo, Executive Vice President and Chief Financial Officer. During the course of this call, management may make forward-looking statements within the meaning of the federal securities laws. These include expectations and assumptions regarding the company s future operations and financial performance, including expectations and assumptions related to the impact of the COVID-19 pandemic. These statements are based on management s current expectations and involve risks and uncertainties that could diffe ....
The $33 million deal enables SunOpta to expand its presence in the niche market of plant-based beverages. Natural and organic products firm Hain Celestial Group Inc. closed the sale of its plant-based WestSoy and Dream brands to SunOpta Inc. this week, the companies announced in separate releases. The transaction was valued at $33 million. “With today’s announcement and the strategic sale of our North American non-dairy beverages to SunOpta, we provide the market with the latest example of what has been an ongoing transformation of our brand portfolio,” Hain’s president and chief executive officer Mark L. Schiller said in a statement. “We considered this business to be non-core within our North American business, and as such, this divestiture fully aligns with both our portfolio simplification process and prioritization efforts of our Get Bigger brands.” ....