Hain Celestial Sells North American Snacks Business for $115m to Snackruptors

Hain Celestial is selling its North American snacks business to Snackruptors for $115m in cash. The sale covers Garden Veggie Snacks, Terra chips, and Garden of Eatin' brands. The disposal is part of the company's review of its operations and assets, aimed at simplifying its North American operations around "core categories and markets with stronger margin and cash flow profiles." Proceeds from the transaction will be used to reduce debt, strengthening the company's financial position.