The Hain Celestial Group, Inc., Lake Success, N.Y., acquired Rudi's Organic Bakery, Inc., a leading organic and gluten-free company based in Boulder, Colo. Rudi's offers approximately 60 products, including USDA-certified organic breads, buns, bagels, tortillas, wraps and soft pretzels and GFCO-certified natural breads, buns, pizza crusts, tortillas, snack bars and stuffing in the United States and Canada under the Rudi's Organic Bakery and Rudi's gluten-free bakery brands.
In calendar year 2013, Rudi's generated approximately $60 million in net sales and is expected to be accretive to Hain Celestial's earnings in fiscal year 2015. The purchase price of $61.3 million consisted of cash and common shares of Hain Celestial. Rudi's was a portfolio company of Charterhouse Equity Partners LLC, Summit, N.J.