Capital Law has advised Bob Clark and Byron Light on the sale of the entire issued share capital of Clarks UK Limited to a subsidiary of the Hain Celestial Group, Inc.
Newport-based Clarks is the leading maple syrup brand in the UK. They also produce natural sweeteners, honey, carob, date and agave syrups, which are sold in leading supermarkets across the UK, as well as being used by food service and industrial customers. Clarks generated approximately £7 million in net sales in the 2016 calendar year.
The Hain Celestial Group, Inc., who own brands such as Sun-Pat, Tilda, Gale’s and Hartley’s, are a leading natural and organic products company with operations in North America, Europe, Asia and the Middle East.
James Skidmore, Hain Daniels Chief Operating Officer, said, “I welcome our new colleagues within Clarks to the business and see significant opportunities to further develop the natural sweeteners category. The strength of the Clarks brand puts it in a strong position to capitalize on the growing consumer trends towards more natural and healthier foods.”
Bob Clark, founder of Clarks UK Limited, said: “This is a significant milestone for Clarks Natural Sweeteners and will deliver extra investment to help drive and expand the brand.
“I will stay on with the business in a consultative role. We’re very much looking forward to working with the Hain Daniels team to continue our growth in new and existing customers.”