HAIN CELESTIAL GROUP INC 8-K

What Happened
Hain Celestial Group, Inc. announced it entered into an Asset Purchase Agreement dated January 30, 2026 to sell its North American Snacks business (including Garden Veggie Snacks™, Terra® chips and Garden of Eatin’® snacks, plus certain private label products) to Snackruptors Inc. for $115 million in cash, subject to a customary inventory adjustment. The company filed a press release on February 2, 2026 and said it expects the transaction to close in February 2026.

Key Details

• Purchase price: $115 million in cash, subject to customary inventory adjustment.
• Parties & timing: Agreement signed Jan 30, 2026; press release filed Feb 2, 2026; closing expected in February 2026.
• Use of proceeds: Hain says net cash proceeds (after taxes and transaction costs) will be used to pay down debt.
• Other terms: Transaction subject to customary closing conditions (no blocking laws/judgments, no Business Material Adverse Effect, accuracy of reps/warranties). A Transition Services Agreement will govern post-close support between Hain and Snackruptors.

Why It Matters
This is a material divestiture of Hain’s North American snacks portfolio that will generate cash to reduce the company’s debt burden. The deal is conditional on standard closing requirements and may affect Hain’s future revenues and product mix once completed; investors should watch for the closing and any subsequent disclosures about proceeds, debt reduction, and effects on ongoing operations.