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Hain Celestial Completes Sale of Hain Pure Protein
The Hain Celestial Group, Inc. (Nasdaq: HAIN) ("Hain Celestial" or the "Company"), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, today announced that, consistent with the Company's prior announcement on May 9, it has completed the sale of all of its equity interest in Hain Pure Protein Corporation, which includes the FreeBird™ and Empire® Kosher businesses, to Aterian Investment Partners for a purchase price of $80 million, subject to customary adjustments. Hain Celestial expects to use net proceeds from the sale to pay down debt...
Hain Celestial Group Completes Sale of Plainville Farms
The Hain Celestial Group, a leading organic and natural products company with operations in North America, Europe, Asia, and the Middle East providing consumers with A Healthier Way of Life, today announced that it has completed the first step in its divestiture of the Hain Pure Protein operating segment with the sale of the Plainville Farms business to Plainville Brands, LLC. The sale brings Plainville back to its roots as a truly independent company backed by a group of private investors committed to the long-term success of the business.
As a result of the sale, the leadership team at Plainville remains in place and will ...
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