Snackruptors to acquire a North American Snacks business from Hain Celestial for $115m.

Snackruptors, a family-owned snacks manufacturer, agreed to acquire a North American Snacks business from Hain Celestial, a global health and wellness company, for $115m. “As an output of the previously announced strategic review process of our company’s portfolio, the sale of our snacks business is a decisive first step we are taking to sharpen our focus on categories and platforms in key markets where we can leverage our strongest organizational capabilities. Proceeds from the transaction will be used to reduce debt, strengthening the company’s financial position and leverage profile. The resulting financial flexibility will enable increased investment over time, helping to drive sustainable, profitable growth and create long-term shareholder value," Alison Lewis, Hain Celestial President and CEO.