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Stock impact report

Hain Celestial review sparks snacks disposal [Yahoo! Finance]

The Hain Celestial Group, Inc. (HAIN) 
Last the hain celestial group, inc. earnings: 2/6 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.hain.com
Company Research Source: Yahoo! Finance
The division is being sold to Canada-based Snackruptors for $115m in cash. The deal covers the Garden Veggie Snacks, Terra chips and Garden of Eatin' brands. In a statement yesterday (2 February), Hain Celestial said the sale will simplify its North American operations around “core categories and markets with stronger margin and cash flow profiles to drive growth”. Ontario-based Snackruptors is a family-owned group centred around crackers. Rick Taborda, the president of Snackruptors, said the brands “have significant growth potential and represent a strong, complementary fit with our existing business”. The disposal follows a “comprehensive” review Hain launched in May , when the US food and drinks major said it would examine a “broad range of strategic options to enhance value”. The review was accompanied by a leadership overhaul. Then-CEO Wendy Davidson exited the business, with Alison Lewis appointed interim president and CEO. Lewis was confirmed in the role permanen Show less Read more
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