Hain Celestial rises after agreeing to sell international business for $323 million

Hain Celestial

14/09/2026 12:33

** Shares of organic and natural products maker Hain Celestial HAIN.O up about 10% at 70 cents premarket
** HAIN to sell international business including brands like Ella's Kitchen, Hartley's and McCartney to Aurelius for about $323 million in cash
** Expects to generate net proceeds of about $305 million to $310 million from deal and $16 million in annualized cost savings compared to FY2026
** Says the proceeds would be used to reduce the company’s debt
** HAIN says it remains in discussions with its lenders regarding an amendment to its credit agreement to extend the maturity date beyond December 22, but warns there can be no assurance an amendment will be obtained
** Adds Aurelius has the right to terminate the agreement if HAIN fails to secure the amendment within 30 days of signing
** HAIN's market capitalization is $55.90 million, as per data compiled by LSEG
** Deal expected to close in the quarter ending December 31, 2026
** Co also reports a 28% decline in Q4 sales to $263.1 million 
** As of last close, HAIN down ~42% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))