Hain Celestial sells ParmCrisps brand to US snacks business Our Home [Yahoo! Finance]
The Hain Celestial Group, Inc. (HAIN)
Last the hain celestial group, inc. earnings: 2/6 07:30 am
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Source: Yahoo! Finance
The disposal of ParmCrisps follows the divestiture of the Thinsters cookie line in April to J&J Snack Foods. Both were the subject of an impairment charge of almost $157m by New York-based Hain last year, resulting in a third-quarter loss of around $116m. While Hain did not reveal the price received for ParmCrisps, which was sold to US snacks company Our Home, the brand and that of Thinsters were bought for $259m from fellow business That's How We Roll in 2021. Our Home, headquartered in New Jersey, owns the snacks brands Real Food From the Ground Up and Food Should Taste Good. Pop Secret popcorn was added to the portfolio in August, purchased from Campbell Soup Co. In May, Our Home also acquired Sonoma Creamery snacks. Hain said today (3 September) that funds raised from the sale of ParmCrisps would be used to pay down debt, adding the “transaction further optimises Hain's better-for-you portfolio and streamlines its supply chain to drive greater operational efficiency and mar
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News
- The Hain Celestial Group, Inc. (NASDAQ: HAIN) had its "neutral" rating re-affirmed by analysts at Piper Sandler. They now have a $8.00 price target on the stock.MarketBeat
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HAIN
Earnings
- 8/27/24 - Beat
HAIN
Sec Filings
- 9/19/24 - Form DEFA14A
- 9/19/24 - Form DEF
- 9/11/24 - Form 4
- HAIN's page on the SEC website