Just caught that Hain Celestial wrapped up a deal selling off its North American snacks unit to Snackruptors for $115 million. Pretty interesting move actually - they're offloading Terra chips, Garden Veggie Snacks and Garden of Eatin' to focus on higher-margin stuff. The snacks business was only pulling in negligible EBITDA despite representing 22% of total sales, so makes sense they wanted to trim the fat. CEO Alison Lewis mentioned they're using the proceeds to pay down debt and strengthen their balance sheet. Post-deal, Celestial is basically doubling down on their core portfolio - think Celestial Seasonings teas, The Greek Gods yogurt, Earth's Best Organic baby foods and Spectrum oils. That's a pretty clean refocus on categories with better cash flow profiles. The whole transaction closed back in February, and Hain shares actually popped on the news. Wonder if this simplified approach will help them turn things around financially.

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