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Hain Celestial Group Acquires Parmcrisps Maker In $259M Deal

December 14, 2021: 12:00 AM EST
The Lake Success, N.Y.-based maker of organic and natural products paid $259 million to Clearlake Capital Group (Santa Monica, Calif.) for Proven Brands, Inc. and KTB Foods, Inc. (That's How We Roll, Montclair, N.J.), the makers of the Parmcrisps crisps and Thinsters crunchy cookies brands. The purchase will be financed with loans. Clearlake acquired the company in 2014 and subsequently acquired Kitchen Table Bakers, the makers of ParmCrisps, in 2016.  
Keith Nunes, "U.S. Hain Celestial snaps up Parmcrisps, Thinsters snacking brands", Food Business News, December 14, 2021, © SOSLAND PUBLISHING COMPANY
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