Hain Celestial Sells International Business to Aurelius for $323 Million
Hain Celestial has announced the sale of its international business, including brands like Joya and Linda McCartney Foods, to private equity firm Aurelius for approximately $323 million. The deal is expected to close in Hain's fiscal second quarter ending December 31 and will generate net proceeds between $305 million and $310 million. This move aligns with the company’s strategy to streamline its operations and reduce debt, following a series of divestitures throughout 2026. The international business accounted for nearly 60% of Hain's sales in Q4 but will be sold as part of broader efforts to focus on core brands such as Celestial Seasonings teas and Earth’s Best Organic baby food. In February, the company also divested its North American snacks division for $115 million. CEO Alison Lewis stated that these actions are intended to simplify operations and improve financial stability. Hain has faced declining market leadership in natural and organic products due to increased competition from larger food companies and private label brands. The firm is also implementing cost-cutting measures expected to save around $16 million annually.
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Topics: $323 million Aurelius Hain Celestial international business sale