US natural and organic food group Hain Celestial has deepened its relationship with Singapore conglomerate Yeo Hiap Seng.
Go deeper with GlobalData
The New York-based company said today (23 April) that the two firms have swapped shares in each other in a deal worth US$6m.
The agreement gives Yeo almost 200,000 extra shares in Hain Celestial. The US group will attain 4m more shares in Yeo. Hain also has the option to buy up to 5% of Yeo’s total stock.
“Hain Celestial expects to launch several co-branded products with Yeo’s later this year as part of our global strategic expansion,” said Hain’s president and CEO Irwin Simon.
Yeo’s key markets are Singapore and Malaysia but the company also sells Asian food products and sauces in Australia, Europe and North America.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
