Hain Celestial Sells International Assets to Private-Equity Firm Aurelius for $323M
Nasdaq-listed Hain Celestial has agreed to sell its international operations, including brands like Ella's Kitchen and Linda McCartney Foods, to private-equity firm Aurelius in a $323 million cash deal. The transaction is part of the company’s ongoing strategy under CEO Alison Lewis to streamline its portfolio by divesting non-core assets following earlier sales such as its North American snacks business for $115 million last year. The international operations include businesses across the UK, Ireland, Europe, and specific brands in Austria, Germany, and Belgium. Post-transaction, Hain Celestial will retain key U.S.-based brands like Celestial Seasonings teas, Greek Gods yogurt, Earth's Best organic products, Spectrum Organic oils, MaraNatha nut butters, and Imagine broths. The deal is subject to regulatory approvals and requires amendments to the company’s debt obligations. If these conditions are not met within 30 days of signing, Aurelius may cancel the agreement. The transaction is expected to close by December 31.
Tickers: $HAIN
Topics: Aurelius divestiture Hain Celestial international operations private equity