Announced
Financials
Tags
snacks
Pending
Friendly
Majority
United States
Domestic
Private
Food Products
Acquisition
Single Bidder
Private Equity
Synopsis
Hain Celestial, an organic and natural products company, agreed to acquire Proven Brands, a snack food manufacturer, from Clearlake Capital Group, an investment firm, for $259m. "We have been proud to partner with Aldo, Sammy and the entire team in executing on our combined vision of scaling a better-for-you snack platform to meet the demands of today's health conscious, informed consumers. Given our previous experience with Hain Celestial, who acquired our former portfolio company World Gourmet / Sensible Portions in 2010, we believe ParmCrisps and Thinsters have found a perfect home, and we look forward to the brands' continued success under Hain," Jose Feliciano and Behdad Eghbali, Clearlake Co-Founders and Managing Partners.
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