Hain Celestial Group
Tea and organic food maker The Hain Celestial Group posted an 82 percent increase in fourth-quarter profit, and said it will buy Britain’s Premier Foods line of jams, jellies, and chocolates. Net income was $23.4 million, or 50 cents per share, compared with $12.8 million, or 28 cents, a year earlier. The Melville, N.Y., company cited an increase in sales in the natural and organic sector as well as acquisitions for the increase. During the year it completed three acquisitions, including the Daniels Group in the UK.