Hain Celestial Acquires ParmCrisps and Thinsters (That's How We Roll) from Clearlake
December 28, 2021
The Hain Celestial Group has acquired That's How We Roll (Proven Brands, Inc. and KTB Foods, Inc.), the owner of the ParmCrisps and Thinsters brands, from Clearlake Capital for approximately $259 million in cash. The target generated about $108 million of net sales for the 12 months ended September 30, 2021 and grew to over 250 employees under Clearlake's ownership; the deal deepens Hain's position in the better-for-you snacking category.
- Buyers
- The Hain Celestial Group, Inc.
- Targets
- Proven Brands, Inc. (d/b/a That's How We Roll), KTB Foods, Inc., ParmCrisps (brand), Thinsters (brand)
- Sellers
- Clearlake Capital Group, L.P.
- Industry
- Food & Beverage
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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