Hain Celestial to acquire Proven Brands from Clearlake Capital Group for $259m.

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.