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US-headquartered Hain Celestial has entered into an agreement to sell its international business to global private equity firm Aurelius, aiming to streamline its portfolio and create a more ‘focused’ North American business.
The deal will see Aurelius take over Hain Celestial’s international business operations, and a wide-ranging portfolio of its international brands, for an estimated $323 million in cash. Net proceeds from the transaction are expected to be in the range of $305 million to $310 million, and will be used to reduce Hain Celestial’s debt once the deal closes.
Brands sold to Aurelius under the agreement include the Ella’s Kitchen baby and children’s food brand, plant-based beverage brands Joya and Natumi, plant-based food brand Linda McCartney, and the Hartley’s jelly and New Covent Garden soup brands among others.
Hain Celestial’s remaining portfolio of North American brands will include Celestial Seasonings, The Greek Gods, and Earth's Best Organic across its flagship categories of tea, yogurt and children’s foods respectively.
The company said the agreement reflects its board’s continued work to advance its strategic review and pursue paths designed to maximise value for all stakeholders. It will continue focusing on simplifying its organisation and executive a plan to align its cost structure with the scale of the future North American business.
In a media release, Hain Celestial said it has developed ‘detailed cost reduction plans’ and is ‘moving with urgency’ to deliver these actions. Last year, the company revealed plans to ‘aggressively’ streamline its portfolio as part of an ongoing turnaround plan after the company reported a net loss of $531 million in its fiscal year 2025 financial results.
The sale of its North American snacks business – including Garden Veggie Snacks, Terra chips and Garden of Eatin snacks – to Canadian manufacturer Snackruptors followed in February 2026. Hain Celestial said the deal enabled it to focus on its more core North American categories and markets, with stronger margin and cash flow profiles to drive growth.
This latest sale to Aurelius comes as Hain Celestial reports its fiscal year 2026 results, published yesterday (14 September 2026). The company reported net sales of $1.35 billion, down 13% year-over-year, but narrowed its losses to $305 million.
Hain Celestial acknowledged that it remains in discussions with lenders regarding an amendment to its credit agreement to extend the maturity date beyond 22 December 2026, with the sale to Aurelius conditional upon the company securing this within 30 days of signing.
Alison Lewis, CEO and president of Hain Celestial, said: “Completing the transaction announced today would advance our strategy to simplify our portfolio and enable us to focus our resources on further reducing the company’s debt”.
“The resulting North American business would feature leading brands in attractive categories with a more streamlined operating model and greater focus on core growth opportunities.”
Commenting on the financial results, Lewis described fiscal 2026 as a “pivotal year” fo the company, adding: “We simplified our portfolio, reduced debt, significantly improved free cash flow and exited the year with improving momentum across the business.”
“Assuming we successfully complete the transaction announced today to sell our international business and that we reach an agreement with our lenders to extend of our December debt maturity, we would expect to become a more focused North American company with leading brands in attractive categories and a streamlined operating model.”
