Hain Celestial sells its North American Snacks business to Snackruptors Inc. for $115 million to focus on core categories.
Quiver AI Summary
Hain Celestial Group announced a definitive agreement to sell its North American Snacks business, which includes popular brands like Garden Veggie Snacks™, Terra® chips, and Garden of Eatin'®, to Canadian company Snackruptors Inc. for $115 million in cash. This move is part of Hain Celestial's strategy to streamline its North American portfolio, focusing on higher-margin categories such as tea, yogurt, and baby/kids foods, which have shown stronger financial performance. The decision follows a strategic review and aims to enhance financial flexibility by reducing debt, enabling further investments for sustainable growth. The transaction is expected to close by February 28, 2026, pending customary conditions, with plans for a detailed presentation during Hain Celestial’s upcoming earnings call.
Potential Positives
- Hain Celestial Group has reached a definitive agreement to sell its North American Snacks business for $115 million in cash, which will enhance their financial position.
- The sale allows Hain Celestial to simplify its portfolio and focus on core categories with stronger margins and cash flow, potentially driving long-term growth and profitability.
- The remaining North American portfolio is expected to have a significantly stronger financial profile, increasing EBITDA margins and gross margins, which can positively impact the company's overall performance.
- Proceeds from the transaction will be used to reduce debt, improving the company's leverage profile and providing financial flexibility for future investments.
Potential Negatives
- The sale of the North American Snacks business, which accounted for 22% of the company's net sales in fiscal 2025, indicates a significant reduction in revenue potential and may raise concerns about the company's ability to generate overall growth.
- The North American Snacks business reportedly contributed negligible EBITDA over the last 12 months, suggesting underlying performance issues that could signal weaknesses in the company's broader operational strategy.
- This divestiture may create uncertainty for employees and stakeholders about the company's future direction and stability, raising questions regarding job security for those involved in the snacks division.
FAQ
What did Hain Celestial announce on February 2, 2026?
Hain Celestial announced a definitive agreement to sell its North American Snacks business to Snackruptors Inc. for $115 million in cash.
Which brands are included in the sale?
The sale includes Garden Veggie Snacks™, Terra® chips, and Garden of Eatin'® snacks.
What will Hain Celestial focus on after the sale?
Post-sale, Hain Celestial will focus on core categories like tea, yogurt, and baby/kids products.
When is the expected closing date of the transaction?
The transaction is expected to close by February 28, 2026, subject to customary conditions.
How will proceeds from the sale be used?
Proceeds will be used to reduce debt, enhancing Hain Celestial's financial position and enabling further investment for growth.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HAIN Insider Trading Activity
$HAIN insiders have traded $HAIN stock on the open market 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $HAIN stock by insiders over the last 6 months:
- ALISON LEWIS (Interim President and CEO) has made 2 purchases buying 74,895 shares for an estimated $112,103 and 0 sales.
- NEIL CAMPBELL purchased 62,640 shares for an estimated $95,306
- CARLYN R. TAYLOR sold 53,957 shares for an estimated $62,935
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HAIN Revenue
$HAIN had revenues of $367.9M in Q1 2026. This is a decrease of -6.77% from the same period in the prior year.
You can track HAIN financials on Quiver Quantitative's HAIN stock page.
$HAIN Hedge Fund Activity
We have seen 75 institutional investors add shares of $HAIN stock to their portfolio, and 103 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC removed 1,799,557 shares (-45.4%) from their portfolio in Q3 2025, for an estimated $2,843,300
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 1,355,041 shares (+44.7%) to their portfolio in Q3 2025, for an estimated $2,140,964
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 1,140,624 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $1,802,185
- RUSSELL INVESTMENTS GROUP, LTD. added 1,073,197 shares (+7269.0%) to their portfolio in Q3 2025, for an estimated $1,695,651
- NEUBERGER BERMAN GROUP LLC added 1,028,202 shares (+28.9%) to their portfolio in Q3 2025, for an estimated $1,624,559
- GOLDMAN SACHS GROUP INC added 750,813 shares (+65.2%) to their portfolio in Q3 2025, for an estimated $1,186,284
- MORGAN STANLEY removed 700,492 shares (-21.2%) from their portfolio in Q3 2025, for an estimated $1,106,777
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$HAIN Price Targets
Multiple analysts have issued price targets for $HAIN recently. We have seen 3 analysts offer price targets for $HAIN in the last 6 months, with a median target of $1.5.
Here are some recent targets:
- Andrew Lazar from Barclays set a target price of $1.5 on 09/17/2025
- Jim Salera from Stephens & Co. set a target price of $2.0 on 09/17/2025
- John Baumgartner from Mizuho set a target price of $1.5 on 09/16/2025
Full Release
HOBOKEN, N.J., Feb. 02, 2026 (GLOBE NEWSWIRE) -- Hain Celestial Group (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, today announced that it has reached a definitive agreement to sell its North American Snacks business, including Garden Veggie Snacks™, Terra ® chips and Garden of Eatin' ® snacks, to Snackruptors Inc., a Canadian, family-owned snacks manufacturer, for $115 million in cash.
This transaction will allow Hain Celestial to move forward with a simplified portfolio in North America focused on core categories and markets with stronger margin and cash flow profiles to drive growth.
Hain Celestial's North America snacks portfolio represented 22% of the company's net sales in fiscal 2025 – and 38% of the North America segment net sales – with negligible EBITDA contribution over the last 12 months. The financial profile of the remaining portfolio in North America is meaningfully stronger, delivering EBITDA margins in the low double digits, underpinned by gross margins above 30%.
Going forward, the company’s flagship categories across North America will include tea, yogurt, and baby/kids, along with its meal preparation platforms. Hain’s brands in North America include Celestial Seasonings ® teas, The Greek Gods ® yogurt, Earth's Best ® Organic baby and kids foods and Spectrum ® Organic culinary oils.
Alison Lewis, Hain Celestial’s President and CEO, said, “As an output of the previously announced strategic review process of our company’s portfolio, the sale of our snacks business is a decisive first step we are taking to sharpen our focus on categories and platforms in key markets where we can leverage our strongest organizational capabilities. Proceeds from the transaction will be used to reduce debt, strengthening the company’s financial position and leverage profile. The resulting financial flexibility will enable increased investment over time, helping to drive sustainable, profitable growth and create long-term shareholder value."
Rick Taborda, President of Snackruptors, said, “We’re thrilled to be acquiring this established portfolio of delicious snacks that consumers already know and love. We believe these brands have significant growth potential and represent a strong, complementary fit with our existing business. We look forward to welcoming the talented members of the Hain Celestial team who have been supporting these brands to the Snackruptors family. We are excited to work together and unlock their full potential.”
Lewis continued, “The transaction we are announcing today marks a significant moment for Hain Celestial, and I am confident that we have found the right home for these beloved snack brands and our employees who will support them as part of Snackruptors. I want to express my gratitude to the many dedicated team members who have built our North American Snacks business over the years. Their commitment has been instrumental in our progress to reaching this milestone.”
The transaction is expected to close by February 28, 2026, subject to customary closing conditions. Additional details regarding the divestiture will be provided during Hain Celestial’s Q2 Fiscal Year 2026 earnings call scheduled for 8:00 AM ET on Monday, February 9, 2026.
Goldman Sachs & Co. LLC is serving as financial advisor to Hain Celestial and Cravath, Swaine & Moore LLP is serving as legal counsel.
About The Hain Celestial Group
Hain Celestial is a leading health and wellness company whose purpose is to inspire healthier living for people, communities and the planet through better-for-you brands. For more than 30 years, Hain Celestial has intentionally focused on delivering nutrition and well-being that positively impacts today and tomorrow. Headquartered in Hoboken, N.J., Hain Celestial's products across beverages, yogurt, baby/kids and meal preparation are marketed and sold in over 70 countries around the world. Our leading brands include Celestial Seasonings
®
teas, The Greek Gods
®
yogurt, Earth's Best
®
Organic and Ella's Kitchen
®
baby and kids foods, Joya
®
and Natumi
®
plant-based beverages, Hartley’s
®
jelly, as well as Cully & Sully
®
, Yorkshire Provender
®
, and New Covent Garden
®
soups, among others. For more information, visit
www.hain.com
and
LinkedIn
.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. The words "believe," "expect," "anticipate," "may," "should," "plan," "intend," "potential," "will" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, among other things, our beliefs or expectations relating to our future performance, results of operations and financial condition, including statements about the company’s plans to sell its North American Snacks businesses, the expected timetable for completing the transaction, our ability to drive sustainable, profitable growth and create long-term shareholder value; our strategic initiatives; and our business strategy.
Risks and uncertainties that may cause actual results to differ materially from forward-looking statements include: the ability to satisfy the conditions to the closing of the contemplated disposition, which may include conditions outside of our control; our ability to successfully separate the business and realize the benefits of the contemplated disposition; and the other risks and uncertainties described in our most recent Annual Report on Form 10-K and our other filings from time to time with the U.S. Securities and Exchange Commission.
We undertake no obligation to update forward-looking statements to reflect actual results or changes in assumptions or circumstances, except as required by applicable law.
Investor Relations Contact:
Alexis Tessier
[email protected]
Media Contact:
Justin Godley
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/89830e3f-b538-4596-962c-2f3b5a472303
