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SunOpta Acquires Dream and WestSoy Plant-Based Beverage Brands For $33 million

SunOpta Inc., a leading healthy food and beverage company focused on plant-based foods and beverages and fruit-based foods and beverages, today announced the acquisition of the Dream® and WestSoy® plant-based beverage brands from The Hain Celestial Group, Inc, with a purchase price of $33 million. The acquired brands will add to SunOpta’s Plant-Based Foods and Beverages segment. The Dream brand is the #2 brand of shelf-stable, plant-based milks, originally launched in 1982. SunOpta currently produces approximately 50% of the Dream product portfolio and has done so for over a decade. The WestSoy brand is the only branded shelf stable soy beverage with a USDA organic certification and the American Heart Association certification of a heart-healthy product. Available at many leading national retailers, SunOpta currently produces …


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Hain Celestial Sells Vegan Protein Division WestSoy

The organic food manufacturer Hain Celestial has announced that it has completed the sale of its WestSoy® branded meat replacement product line to Keystone Natural Holdings. This applies to its entire tofu, seitan, and tempeh product range. The company’s vegan beverage business, which is also sold under the WestSoy® brand name, will remain with Hain Celestial. According to managing director Mark L. Schiller, the sale of the meat alternatives product division is a strategic step towards concentrating the company’s own-brand portfolio more strongly and thus generating sustainable growth for the company. No further details of the business transaction were published. Hain Celestial Group, Inc., based in Lake Success, NY, is one of the leading organic and natural product companies in North America, Europe, Asia, and …