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Hain Celestial to Acquire WhiteWave Tofu Business

The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading natural and organic food and personal care products company, announced it would acquire the tofu and meat-alternative business of WhiteWave Foods Company, a subsidiary of Dean Foods Company (NYSE: DF). These products are sold under the brand names TofuTown® and WhiteWave® and are currently manufactured in Boulder, Colorado. “Adding the tofu and meat-alternative business from WhiteWave Foods complements our existing Yves Veggie Cuisine® product line, strengthening and expanding our fresh, meat-free alternative product offerings to further support this sector of the growing natural and organic market,” said Irwin Simon, President and CEO of Hain. The product line includes baked and grilled tofu, seitan, tempeh and other traditional tofu items sold through natural and conventional grocery stores as well as in foodservice outlets. The tofu business generated sales of approximately $8 million in the last fiscal year. The transaction is expected to be accretive to Hain Celestial’s earnings during its fiscal year 2008. Website: http://www.hain-celestial.com     

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Weekly Clean Energy Roundup:May 30, 2007

News and EventsDOE Awards $22.7 Million for Basic Solar Energy Research DOE Invests $19 Million in Advanced Vehicle Technologies Research New York City to Shift Taxi Fleet to Hybrids by 2012 GE Unveils Hybrid Locomotive for Freight Trains Iowa Establishes a $100 Million Clean Energy Fund Minnesota Act Sets Efficiency and GHG Goals while Boosting Renewables DOE Awards $22.7 Million for Basic Solar Energy ResearchDOE announced last week that it has awarded $22.7 million to 27 projects aimed at improving the capture, conversion, and use of solar energy. These basic research projects will help increase the amount of solar power in the nation’s energy supply and will focus on two technical areas: the conversion of solar energy to electricity and the conversion of solar energy to chemical fuels. Directly converting sunlight to chemical fuels will help overcome the problem of the lack of nighttime solar resource and provide solar-derived energy in forms useful for transportation, residential, and industrial applications. DOE selected projects at 23 universities and two DOE national laboratories: Brookhaven National Laboratory and Lawrence Berkeley National Laboratory.Fourteen projects will receive $9.9 million over three years for research in the conversion of solar energy to electricity. The projects will involve […]

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Time to Tax Carbon

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Americans Want Solar on All New Homes

Almost 90% of Americans think that solar electricity should be an option for all new home construction, up significantly from a year ago (79%). Still, most people don’t understand how solar works. Survey respondents were more likely to recognize solar could turn lights on (82%), heat bath water (82%) or a swimming pool (80%), than power common electric devices like computers or appliances (71%). People living in the Northeast (63%) and Midwest (65%) were significantly less likely to identify this functionality for solar energy, compared to those in the South (75%) and West (78%). Saving money on monthly energy bills remains the primary motive for people to install solar, (84%). 56% said they’d be more likely to purchase solar if the system would cost them zero money down and they would immediately see reduced energy bills. A significant group of respondents said their reason to install solar would be to reduce oil dependence (77%) or because it is a secure source of energy (75%). The study was conducted by Roper Public Affairs, a division of GfK NOP, on behalf of Sharp Electronics Corporation.

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