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Hain Celestial Closes on Poultry Acquisition

The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading natural and organic food and personal care products company, has completed the acquisition of the poultry processing facility assets of College Hill Poultry of Fredericksburg, PA. It was acquired through Hain Pure Protein Corporation, which is a joint venture with Pegasus Capital Advisors, LP, a private equity firm. Hain Celestial will control 50.1% of the joint venture. College Hill Poultry’s Raised Right(TM) brand of natural and organic, free range chicken are raised on family farms and grain-fed without anti-biotics or animal by-products. The company will be led by Joseph A. DePippo, an industry veteran, as President of Hain Pure Protein Corporation. The Hain Celestial Group (NASDAQ: HAIN – News), headquartered in Melville, NY, is a leading natural and organic beverage, snack, specialty food and personal care products company in North America and Europe. Hain Celestial participates in almost all natural food categories with well-known brands that include Celestial Seasonings, Terra Chips, Garden of Eatin’, Health Valley, WestSoy, Earth’s Best, Arrowhead Mills, Hain Pure Foods, Hollywood, Walnut Acres Organic, Imagine Foods, Rice Dream, Soy Dream, Rosetto, Ethnic Gourmet, Yves Veggie Cuisine, Lima, Biomarch, Grains Noirs, Natumi, JASON and Zia Natural Skincare. Website: […]

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Two Mutual Funds Acquire 5.6% Stake in UQM

UQM TECHNOLOGIES, INC. (Amex: UQM), a developer of alternative energy technologies, announced that two mutual funds managed by an institutional investor together have purchased 1,365,188 shares of the Company’s common stock in a private placement transaction. Net cash proceeds to the Company from the transaction were approximately $3,900,000. The common stock offered by UQM Technologies, Inc. to the accredited investors in the private placement has been sold in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended, (“Securities Act”). The common stock has not been registered under the Securities Act or any state securities laws, and the common stock may not be offered or sold absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. This press release does not and will not constitute an offer to sell or the solicitation of an offer to buy shares in any jurisdiction in which such offer or solicitation is prohibited. A registration statement will be filed with the Securities and Exchange Commission within 30 days for the resale of the common stock. UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric […]

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Whole Foods Ranks in Top 100 U.S. Retailers

Whole Foods Market Inc.(NASDAQ: WFMI) is now ranked as the 60th largest U.S. retailer. WFMI is the world’s largest natural and organic foods grocer, and was ranked based on 2004 revenue of nearly $3.9 billion. Whole Foods Chairman and CEO John Mackey “is pushing the right buttons for the organic crowd, foodies, urban tastes and, best of all, developers who want his stores as anchor[s] to draw other tenants,” according to the latest issue of Stores magazine, published by the National Retail Federation. Wal-Mart Stores Inc. (NYSE: WMT) tops the list with $288.2 billion in revenue last year. No. 2 is The Home Depot Inc. (NYSE: HD) at $73.1 billion, followed by Kroger Co. (NYSE: KR) with $56.4 billion. According to Rick Gallagher, publisher of Stores, “Stores are looking for unique ways to expand their product lines in an effort to differentiate themselves. Retailers are no longer just competing with other stores in their segment, they are competing with everyone, making the environment extremely challenging.”

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From Farm to Fork – How Much Oil Did You Eat Today?

Every day millions of American consumers purchase food from grocery store chains without giving much thought to the oil and energy resources involved in chemical-intensive industrial agriculture and long distance food transportation. To promote health, sustainability, and Fair Trade, and to reduce U.S. dependence on foreign oil and non-renewable energy sources, the Organic Consumer’s Association has launched an education campaign, “Breaking the Chains: Buy Local, Organic and Fair Made.” Agriculture accounts for 17 percent of all the energy used in the U.S. Petroleum-derived agricultural chemicals such as synthetic fertilizers (12 billion pounds per year), pesticides and herbicides (a billion pounds per year), account for more than half of all on-farm energy use. According to the Earth Policy Institute, the U.S. food system, from actual food production (synthetic fertilizers, pesticides, etc.), energy for irrigation, transportation, to refrigeration packaging & preparation, uses enough energy equal to supply all of France’s annual energy needs. Food today travels farther than ever, with the average item of food traveling an average of 1,600 miles from farm to fork. Processed foods, on average travel 3,600 miles from farm to fork. According to Brian Halweil of Worldwatch Institute, a typical meal bought from a conventional supermarket chain […]

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Stanford Scientists Call for Hydrogen 'Apollo Program'

What if all the vehicles now on the road in the United States were suddenly powered by hydrogen fuel cells? Stanford researchers say in a June 24 article in the journal Science that such a conversion would improve air quality, health and climate — especially if wind were used to generate the electricity needed to split water and make hydrogen in a non-polluting process. “Converting all the current vehicles to fuel cell vehicles powered by wind would save 3,000 to 6,000 lives in the United States annually, and it could be done at a fuel cost that’s comparable to the cost of gasoline, and less than the cost of gasoline when you consider the health effects of gasoline,” said Jacobson, who has no financial interest in any wind or hydrogen endeavor but whose commitment to clean air is manifest in his choice of car (a Toyota Prius), house (it’s solar-powered) and career (atmospheric scientist). Sponsored by the Global Climate and Energy Project at Stanford and by NASA, the Science study compared emissions that would be produced in five cases-if all vehicles on the road were powered by 1) conventional internal-combustion engines, 2) a combination of electricity and internal combustion of […]

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