COVENT GARDEN SOUP BRAND SOLD TO AMERICAN GROUP

BRITISH food manufacturer the Daniels Group, which owns brands including New Covent Garden soups and Johnson’s fruit juices, has been sold to US group Hain Celestial for around $230m (£144m). Nasdaq-listed Hain, run by president and chief executive Irwin Simon (pictured), owns several brands in the UK, including Linda McCartney frozen vegetarian foods. In the US it owns Celestial Seasonings teas and Earth’s Best baby food. Hain was advised on the acquisition by independent advisory firm Spayne Lindsay, which also helped Uniq on its sale to Greencore.