HAIN
Hain Celestial to sell international operations to Aurelius for $323m
Hain Celestial has agreed to sell its international operations to private-equity investor Aurelius for $323m in cash, a divestment that follows a portfolio review instigated last year by president and CEO Alison Lewis. The international business, which the company said in a separate SEC filing takes in operations in the UK, Ireland and Europe, includes brands such as Ella's Kitchen baby and kids foods, the Joya and Natumi plant-based beverage lines, Hartley's jelly, Linda McCartney Foods, Cully & Sully, Yorkshire Provender and New Covent Garden soups. The sale follows Hain Celestial's earlier disposal of its North American snacks business to Canada's Snackruptors for $115m in cash, a deal that included the Garden Veggie Snacks, Terra chips and Garden of Eatin' brands. After the transaction, Hain Celestial will retain Celestial Seasonings teas, Greek Gods yogurt, the Earth's Best organic brand, Spectrum Organic cooking oils, MaraNatha nut butters and Imagine broths. The deal requires regulatory approvals and is conditional on Hain Celestial securing amendments to its obligations with creditors; Aurelius can cancel the agreement if a creditor agreement is not secured within 30 days of signing, and the transaction is otherwise expected to close in the company's fiscal second quarter ending 31 December. Hain Celestial also reported full-year results, with net debt of $500m, down from $650m a year earlier, sales for the 2026 financial year down 13% in reported terms to $1.35bn, net losses narrowing to $305m from $531m, adjusted EBITDA of $89m versus $114m, and a loss per diluted share of $3.36 compared with $5.89.