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North Castle in Deal to Sell Avalon Natural Products to Hain Celestial Group
11 January 2007
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North Castle Partners, a long-time private equity client of MorrisonCohen, announced today its agreement to sell portfolio company Avalon Natural Products. In the $120 million all-cash deal, MorrisonCohen represented North Castle and Avalon. The purchaser, Hain Celestial Group (Nasdaq: HAIN), is a leading natural and organic food and personal care products company in North America and Europe. Avalon is a leader in the natural products category in the areas of skin care, hair care, bath and body and sun care.
Author: Michael Connolly
Firm: Morrison Cohen LLP
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