Hain Celestial continues its turnaround strategy with major portfolio divestitures, cost discipline and debt reduction as sales decline across North America and international markets.
Hain Celestial divests its North American snacks unit to Snackruptors for $115 million as part of a strategy to reduce debt and refocus on core food and beverage categories.
Hain Celestial exits North American snacks to focus on higher-margin core categories and strengthen its balance sheet.
The company aims to simplify its portfolio and boost margins as part of a turnaround strategy under interim CEO Alison Lewis.
Hain Celestial’s latest results show declining sales and profitability, with management unveiling a turnaround plan to stabilize performance.