Hain Celestial buys out H.P.P.

Hain Celestial Group, Inc. has paid $40 million for the remaining 51.3% interest in Hain Pure Protein Corp. (H.P.P.) that it did not already own from an affiliate of Pegasus Capital Advisors, L.P. H.P.P. is an antibiotic-free and organic poultry company that offers a full range of fresh and frozen FreeBird chicken and Plainville Farms turkey and private label products in the United States. The transaction also included a 19% interest in Empire Kosher Poultry, Inc. Read full post here .