The Hain Celestial Group shares surge 21.07% intraday after agreeing to sell North American snack business, including Garden Veggie Snacks and Terra Chips, for $115M cash to focus on core high-margin categories like tea, yogurt, and baby food.

The Hain Celestial Group surged 21.07% intraday, driven by the announcement that it signed a $115 million cash agreement on January 30, 2026, to sell its North American snack business (including Garden Veggie Snacks and Terra Chips), which accounted for 22% of 2025 net sales but contributed minimal EBITDA. The sale will streamline the company’s North American portfolio, focusing on core high-margin categories like tea, yogurt, and baby food, with remaining business EBITDA margins in the low double digits and gross margins exceeding 30%. Proceeds will reduce debt, improve financial leverage, and strengthen overall financial health.