The Hain Celestial Group shares rise 16.53% intraday after agreeing to sell North American snack business for $115 million to focus on core high-margin categories.

The Hain Celestial Group surged 16.53% intraday, as the company announced a $115 million cash sale of its North American snack business, including Garden Veggie Snacks and Terra Chips, which accounted for 22% of 2025 net sales but had minimal EBITDA contribution. The transaction simplifies its North American portfolio, focusing on core high-margin categories like tea, yogurt, and baby food, with remaining operations projected to have low double-digit EBITDA margins and gross margins exceeding 30%. Proceeds will be used to pay down debt, improve financial leverage, and strengthen the company’s overall financial position.