Corporate Takeover of Organic Foods

What We Need to Know About the Corporate Takeover of the "Organic" Food Market
by Carole Resnick
A familiar brand name to organic shoppers is Hain. This company now owns many other organic brands, which continue to appear to be independent. Some examples include: Bearitos (chips), Bread Shop (granola), Celestial Seasonings (tea), Garden of Eatin', Health Valley, Imagine Foods (Rice Dream), Terra Chips, and Westbrae (canned vegetables, soy drinks, pastas, and more). And who owns Hain? The prime investors in the Hain Food Group are mutual funds and holding companies. Their principal stockholders are Phillip Morris (tobacco), Monsanto (genetically modified food), Citigroup (responsible for rainforest destruction), Exxon/Mobil, Wal-Mart, Entergy Nuclear, and Lockheed Martin (weapons manufacturer). In 9/99 the H.J. Heinz Co. acquired ownership of nearly 20% of Hain. And, no surprises here, Heinz is principally owned by the same mutual funds and principal stockholders as is Hain. Clisk here:
http://www.peacecouncil.net/pnl/03/718/718CorporateTakeover.htm