Hain Celestial Completes Acquisition of ParmCrisps® and Thinsters®

Rhea-AI Summary

The Hain Celestial Group has completed its acquisition of That’s How We Roll, known for its popular brands ParmCrisps® and Thinsters®. The acquisition cost approximately $259 million in cash, adjusted for working capital. This strategic move aims to enhance Hain's portfolio of healthier snack options. ParmCrisps® are high-protein cheese crisps, while Thinsters® are thin cookies made from non-GMO ingredients. Hain’s CEO expressed enthusiasm about collaborating with That’s How We Roll’s innovative team.

Positive

• Acquisition strengthens Hain's portfolio of better-for-you snacks.
• ParmCrisps® and Thinsters® are fast-growing brands, enhancing revenue potential.
• Transaction reflects Hain's strategic focus on health-oriented products.

Negative

• None.

LAKE SUCCESS, N.Y., Dec. 28, 2021 (GLOBE NEWSWIRE) -- The Hain Celestial Group, Inc. (Nasdaq: HAIN) (“Hain Celestial,” “Hain” or the “Company”) today announced the completion of its acquisition of That’s How We Roll from Clearlake Capital Group. That’s How We Roll is the producer and marketer of ParmCrisps^® and Thinsters^®, two fast-growing brands offering simple and delicious, better-for-you snacks. The total purchase price was approximately $259 million in cash, subject to an adjustment for working capital.

“ParmCrisps^® and Thinsters^® are great additions to Hain's growing portfolio of better-for-you snacking brands, and we are excited to get to work with That’s How We Roll’s talented and innovative team,” said Mark Schiller, President and Chief Executive Officer of Hain.

With the mission to make the world heathier, tastier and a little more fun, ParmCrisps^® and Thinsters^® are delicious, better-for-you brands composed of simple ingredients that consumers can find in their kitchen. ParmCrisps^® are high-protein, low carb cheese crisps and snack mixes. Thinsters^® are crispy thin cookies made from high-quality, non-GMO ingredients. All products are available in a variety of flavors.

About The Hain Celestial Group, Inc.
The Hain Celestial Group (Nasdaq: HAIN), headquartered in Lake Success, NY, is a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East. Hain Celestial participates in many natural categories with well-known brands that include Celestial Seasonings^®, Clarks™, Cully & Sully^®, Earth’s Best^®, Ella’s Kitchen^®, Frank Cooper’s^®, Gale’s^®, Garden of Eatin’^®, Hain Pure Foods^®, Hartley’s^®, Health Valley^®, Imagine^®, Joya^®, Lima^®, Linda McCartney’s^® (under license), MaraNatha^®, Natumi^®, New Covent Garden Soup Co. ^®, ParmCrisps^®, Robertson’s^®, Rose’s^® (under license), Sensible Portions^®, Spectrum^®, Sun-Pat^®, Terra^®, The Greek Gods^®, Thinsters^®, Yorkshire Provender^® and Yves Veggie Cuisine^®. The Company’s personal care products are marketed under the Alba Botanica^®, Avalon Organics^®, JASON^®, Live Clean^® and Queen Helene^® brands.

Contacts:
Chris Mandeville and Anna Kate Heller
ICR
hain@icrinc.com

FAQ

What is the acquisition value of That’s How We Roll by Hain Celestial?

The acquisition of That’s How We Roll by Hain Celestial was valued at approximately $259 million in cash.

What brands does That’s How We Roll produce?

That’s How We Roll produces ParmCrisps® and Thinsters®, which are popular better-for-you snack brands.

How will the acquisition impact Hain Celestial's product offerings?

The acquisition will enhance Hain Celestial's portfolio by adding fast-growing, healthier snack options.

Who is the CEO of Hain Celestial?

Mark Schiller serves as the President and CEO of Hain Celestial.