Hain Celestial rises after $115 million deal to sell North American snacks business

Hain Celestial

02/02/2026 13:38

** 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

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))