Monday, May 31, 2010

Rachel's Organic likely to be up for sale

"The American owner of Rachel's Organic is believed to have hoisted the "for sale" sign above the maker of dairy products from yoghurts and butter to chocolate desserts, with an asking price of £20m.

Horizon Organic Dairy, headquartered in Boulder, Colorado, snapped up Rachel's in 1999 and was itself acquired by Dallas-based Dean Foods five years later. Dean Foods is believed to have hired bankers from NM Rothschild to examine its strategic options for Rachel's. The move could lead to the sale of the business."

Read the article