The company behind New Covent Garden Food has been sold to Hain Celestial Group, owner of the Linda McCartney’s vegetarian brand.
The deal for New Covent Garden’s parent company, the Daniels Group, is worth $230m (£143.9m). As well as New Covent Garden, the company controls the Johnson's Juice Co and Farmhouse Fare brands.
Daniels, which had sales of £177m in the year to March 2011, was previously owned by foodservice company Singapore Airport Terminal Services.
"The acquisition of Daniels extends our presence into one of the fastest-growing healthy food segments in the UK, with a solid leadership position and platform for the growth of our combined operations,” said Hain Celestial chief executive Irwin Simon.
"We will look to expand the distribution of certain Daniels brands throughout the rest of Europe, using our European-based sales organisation.”
In the US Hain Celestial operates brands including Celestial Seasonings and Terra Chips.
Daniels in ‘advanced’ negotiations over sale (30 September 2011)
Linda McCartney sets out to prove meat-free food is a winner (20 November 2010)
Linda McCartney owner in food-to-go swoop (17 June 2010)