The North American natural and organic products company Hain Celestial acquired the leading plant-based foods and beverages facilities in Germany and Austria by the name of Mona Group.
Brands sported by Mona include Joya®, Happy®, soy oat, rice and nut-based drinks. Austrian and German companies are the prime customers for Mona yogurts, desserts, creamers, tofu and private labels.
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In calendar year 2014 Mona had approximately $50 million in net sales and is expected to be accretive to Hain Celestial’s earnings in fiscal year 2016. Mona’s plant-based business, which was established in 2001, was owned by several venture capital groups and members of current and former management.
With the acquisition of Mona, Hain Celestial Europe will have three facilities producing plant-based beverages, two inGermany and one in Austria, serving the European markets. Mona’s Vienna office will be the base for expansion into eastern Europe.
