US-based food and beverage company Hain Celestial is selling its international business to private equity firm Aurelius for about $323 million in cash as it moves to simplify its operations and concentrate on its North American market.
The transaction will transfer Hain Celestial’s international operations and a broad portfolio of brands to Aurelius, with the company expecting net proceeds of between $305 million and $310 million. Hain Celestial plans to use the money to reduce its debt after the deal is completed.
The portfolio changing hands includes Ella’s Kitchen, Joya, Natumi, Linda McCartney, Hartley’s and New Covent Garden, giving Aurelius control of brands spanning baby food, plant-based drinks, plant-based foods, jelly and soup.
Brandspur Brand News reports that the sale is part of Hain Celestial’s wider restructuring programme, coming after a difficult financial period that has pushed the company to reduce the number of brands and markets it operates in.
The company’s remaining North American portfolio will include Celestial Seasonings, The Greek Gods and Earth’s Best Organic, covering its tea, yoghurt and children’s food categories.
Hain Celestial said it is also working on detailed cost reduction measures and intends to reshape its organisation around the smaller North American business. The company said its board is continuing its strategic review with the aim of improving value for stakeholders.
The latest transaction follows the February 2026 sale of Hain Celestial’s North American snacks business to Canadian manufacturer Snackruptors. That portfolio included Garden Veggie Snacks, Terra chips and Garden of Eatin snacks.
The company has been under pressure to improve its financial position after recording a net loss of $531 million for fiscal 2025. Its latest results showed some improvement on that figure, although the business remains loss-making.
For fiscal 2026, Hain Celestial reported net sales of $1.35 billion, representing a 13 per cent decline from the previous year, while its net loss narrowed to $305 million.
The company is also negotiating with its lenders to amend its credit agreement and extend a debt maturity currently scheduled for December 22, 2026. Completion of the Aurelius transaction is conditional on Hain securing that extension within 30 days of signing the agreement.
Hain Celestial chief executive Alison Lewis said completing the sale would allow the company to simplify its portfolio further and direct more resources towards reducing its debt.
The company said it expects the resulting North American business to have a more streamlined structure, with greater emphasis on its core categories and opportunities for future growth.
