Spectrum Organic Products Inc. announced the signing of a definitive agreement pursuant to which The Hain Celestial Group Inc. will acquire the stock of Spectrum.
Betting that the appeal of nutraceuticals will grow, convenience store chain 7-Eleven Inc. is launching Formula 7, a proprietary line of functional foods and beverages.
On August 29, Hurricane Katrina, a category 4 storm with winds exceeding 130 miles per hour and a storm surge of well over 25 feet, slammed into the U.S. Gulf Coast. Its impact upon all industries has been enormous.