Under the terms of the acquisition, TenderCare shareholders will receive $0.4449 per share in cash, after deducting for excess company expenses, for all of the outstanding shares of TenderCare common stock. Other terms of the acquisition were not disclosed at press time.
TenderCare strengthens our position in the natural and organic sector with the addition of diapers and wipes, while meeting the increasing demand by concerned parents for natural products to care for their babies,” said Irwin D. Simon, president and CEO of Hain Celestial. "We look forward to integrating TenderCare into our business and to broadening their product offerings under the Earth's Best name and with additional distribution."
Based in Melville, NY, Hain Celestial is a maker of natural and organic food and personal care products with brands including Earth’s Best and Celestial Seasonings.