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0.00362318840579702 0.00362318840579702 0.00724637681159421 0.00362318840579702 -0.00724637681159421 -0.0253623188405796 0 -0.0289855072463768
Stock impact report

Hain Celestial sells North American snacks business for $115M [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
Hain Celestial is selling its North American snacks business , which includes Garden Veggie Snacks, Terra chips and Garden of Eatin', to Canadian snacks manufacturer Snackruptors for $115 million. The deal, set to close by the end of the month, will leave Hain with a simplified North American portfolio focused on core categories and markets with stronger margin and cash flow to help drive growth. Hain will retain Celestial Seasonings teas, Greek Gods yogurt, Spectrum Organic culinary oils and Earth's Best Organic baby and kids foods. CEO Alison Lewis, who took over the role permanently in December, has vowed to stem Hain's sales declines by leaving unprofitable or low-margin SKUs and exiting businesses where it is “structurally disadvantaged” or does “not have a right to win.” Hain was built through dozens of acquisitions as the natural and organic food and beverage maker adopted a growth-at-all-costs mindset — leaving it with a disparate group of brands in nearly 40 different Show less Read more
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