The Hain Celestial Group Announces Sale of International Business to Aurelius for $323 Million
The Hain Celestial Group has agreed to sell its international business to private equity firm Aurelius for $323 million in cash. The transaction is expected to close in fiscal Q2, pending lender approval and an amendment to extend the maturity of its credit agreement. Proceeds from the sale will be used to repay all term loans and over 35% of revolver debt, reducing pro forma total debt by approximately 55%, bringing it down to around $250 million. North America returned to organic sales growth in Q4 with a 2% increase, while international sales declined 4%. Adjusted EBITDA for North America rose sharply by 55% to $16 million. The company also reported improved full-year free cash flow of $58 million from an outflow of $3 million the previous year due to working-capital and productivity initiatives. Hain plans over $16 million in annual cost savings but has withheld fiscal 2027 guidance citing uncertainty around the pending divestiture, lender discussions, and one-time costs. CEO Alison Lewis described fiscal 2026 as a pivotal year for portfolio simplification, debt reduction, stronger cash generation, and improved operating execution.
Tickers: $HAIN
Topics: debt reduction divestiture financial performance M&A