Hain Celestial rises after $115 million deal to sell North American snacks business
ReutersFeb 2, 2026 1:38 PM
Shares of organic and natural products maker Hain Celestial HAIN.O up ~12% at $1.36 premarket
Co to sell its North American snacks business to Snackruptors, a Canadian family-owned snacks manufacturer, for $115 million in cash
HAIN says sale will allow it to focus on core categories and more profitable markets
Adds that its categories across North America going forward will include tea, yogurt, baby and kids products and its meal-preparation offerings
"Proceeds from the transaction will be used to reduce debt, strengthening the company’s financial position and leverage profile" - CEO Alison Lewis
The transaction is expected to close by February 28 this year
HAIN fell nearly 83% in 2025
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