North Castle Partners Completes Sale of Avalon Natural Products to The Hain Celestial Group
GREENWICH, Conn., Jan. 11 /Via PRNewswire-FirstCall/ -- North Castle Partners, L.L.C., a leading private equity firm focused exclusively on consumer businesses that benefit from "Healthy Living and Aging" trends, announced today that it has completed its previously announced sale of portfolio company Avalon Natural Products, Inc., to The Hain Celestial Group, Inc. (Nasdaq: HAIN) for $120 million. Avalon is a leader in the natural products category in the areas of skin care, hair care, bath and body and sun care. The transaction included the Avalon Organics(R) and Alba Botanica(R) natural and organic personal care brands. more>>
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