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Hain mulls protein unit sale, paving way for potential acquisition of company [CNBC]

HAIN CELESTIAL GROUP (HAIN)  More Company Research Source: CNBC
Last hain celestial group earnings: 5/8 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.hain.com
PDF Hain Celestial said it is exploring a sale of its protein business. The sale could pave the way for an acquisition of the whole company, sources tell CNBC. Potential acquirers in the past have balked over the company's mish-mash of businesses, which made it difficult for one buyer to acquire it. Lauren Hirsch Published 1 Hour Ago CNBC.com Scott Mlyn | CNBC Irwin Simon, CEO, Hain Celestial Hain Celestial announced Wednesday it is exploring a sale of its protein business, which sources say could pave the path for an acquisition of the company. The owner of Alba Botanica skin and hair care products and Terra Chips has long been an acquisition target, and a willing seller at the right price, sources have told CNBC. Many of the country's largest food companies looked and passed, though, because there is no one clear buyer for all of its brands . Getting rid of the protein business could help s [Read more]

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