- Hain plans to use net proceeds of $305 million to $310 million to reduce debt
- The deal is conditioned on Hain securing an amendment to extend its credit agreement’s maturity date beyond December 22, 2026
- Hain expects to generate about $16 million in annualized cost savings as it focuses on its remaining North American business
Aurelius has agreed to acquire Hain Celestial’s International business for an estimated $323 million in cash.
The business includes brands such as Ella’s Kitchen baby and kids foods, Joya and Natumi plant-based beverages, Hartley’s jelly, Linda McCartney Foods, Cully & Sully, Yorkshire Provender and New Covent Garden soups. Net proceeds from the sale are expected to range from $305 million to $310 million and will be used to reduce Hain’s debt.
Hain Celestial is headquartered in Hoboken, New Jersey.
The deal is part of Hain’s ongoing strategic review of its portfolio. Following the sale, Hain’s North American business will retain brands including Celestial Seasonings teas, The Greek Gods yogurt, Earth’s Best Organic baby food, Spectrum Organic cooking oils, MaraNatha nut butters and Imagine broths.
The transaction is conditioned on Hain securing an amendment from its lenders to extend the maturity date of its credit agreement beyond December 22, 2026, and Aurelius may terminate the agreement if that amendment isn’t obtained within 30 days of signing. Hain expects to generate approximately $16 million of annualized cost savings on a run-rate basis compared with fiscal 2026 as it simplifies its organization around the smaller North American business.
The agreement has been unanimously approved by Hain’s board and is subject to closing conditions including regulatory approvals. The transaction is expected to close in Hain’s fiscal second quarter ending December 31, 2026.
Goldman Sachs is serving as financial advisor to Hain, with DLA Piper’s London team serving as legal counsel.
Editor’s note: This news brief was produced with the assistance of artificial intelligence.