Canadian-based Snackruptors acquires Hain Celestial's North American snacks business

Canadian-based Snackruptors acquires Hain Celestial's North American snacks business

Hain Celestial sells its North American snacks business, including Garden Veggie Snacks, Terra chips and Garden of Eatin’ snacks, to Snackruptors, a Canadian, family-owned snacks manufacturer, for US$115 million in cash. This transaction allows Hain Celestial to reduce debt and focus on core categories of tea, yogurt, and baby/kids food as well as its meal preparation platforms. Hain’s brands in North America include Celestial Seasonings teas, T…

Hain Celestial sells North American snacks business to Snackruptors for $115M

Hain Celestial Group, a leading global health and wellness company headquartered in Hoboken, announced that it has reached a definitive agreement to sell its North American snacks business, including Garden Veggie Snacks, Terra chips and Garden of Eatin’ snacks, to Snackruptors Inc., a family-owned Canadian snacks manufacturer, for $115 million in cash. This transaction will allow Hain Celestial to move forward with a simplified portfolio in Nor…

Hain Celestial sells North American snacks business for $115M

The sale of Garden Veggie Snacks, Terra chips and Garden of Eatin' will allow the company to pay down debt and sharpen its focus on tea, yogurt and home meals.