The Hain Celestial Group (HAIN) Announces Definite Agreement for the Sale of its North American Snacks Business

The Hain Celestial Group, Inc. (NASDAQ:HAIN) is one of the best confectionery, cookie, and snack stocks to buy. On February 2, The Hain Celestial Group, Inc. (NASDAQ:HAIN) announced a definite agreement for the sale of its North American Snacks business, including Garden Veggie Snacks™, Terra® chips, and Garden of Eatin’® snacks, to Snackruptors Inc. for $115 million in cash. Snackruptors Inc., is a Canadian, family-owned snacks manufacturer. Management reported that the sale would allow the company to advance with a simplified portfolio in North America, focusing on core categories and margins with stronger margin and cash flow profiles as a means of boosting growth.

For perspective, this North America snacks portfolio represented 22% of The Hain Celestial Group, Inc.’s (NASDAQ:HAIN) net sales in fiscal 2025 and 38% of the North America segment net sales, with negligible EBITDA contribution over the last 12 months. The company clarified that the remaining portfolio in North America has a meaningfully stronger financial profile, delivering EBITDA margins in the low double digits, underpinned by gross margins above 30%.

After the sale, The Hain Celestial Group, Inc.’s (NASDAQ:HAIN) North American flagship categories would encompass tea, yogurt, and baby/kids, along with its meal preparation platforms. Its brands in the region include Celestial Seasonings® teas, The Greek Gods® yogurt, Earth’s Best® Organic baby and kids foods, and Spectrum® Organic culinary oils.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) is a prominent US-based company specializing in snacks, natural and organic foods, as well as personal-care products. It operates in over 75 countries, offering various items across snacks, baby products, beverages, meal components, and personal care. Its customer base generally includes supermarkets, natural food stores, specialty and natural food distributors, mass-market, and club stores.

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Disclosure: None. This article is originally published at Insider Monkey.