Hain Celestial Acquires Imagine Foods

The Hain Celestial Group, Uniondale, NY, has acquired privately-held Imagine Foods, San Carlos, CA, a non-dairy beverage company specializing in aseptic and refrigerated rice and soymilks, organic aseptic soups and broths and organic frozen desserts in the U.S., Canada and Europe. With a presence in the North American and European natural and grocery food channels, Imagine Foods’ sales in its most recent fiscal year totaled approximately $70 million. Imagine Foods’ natural and organic brands include Rice Dream non-dairy aseptic and refrigerated beverages and non-dairy frozen desserts and novelties, Soy Dream non-dairy aseptic and refrigerated beverages and organic non-dairy frozen desserts and novelties, Imagine Natural Organic Soups and Broths and Power Dream soy energy drink. Terms of the transaction were not disclosed.