Lake Success, NY—Following several strong quarters, Hain Celestial is now looking to solidify the position it holds. The company is acquiring ParmCrisps and Thinsters, two fast-growing brands offering convenient snack products, from Clearlake Capital Group. The acquisition deepens Hain’s position in the snacking category “and represents a significant step in establishing Hain as a high-growth, global healthy food company,” according to the press release.
“ParmCrisps and Thinsters are optimally positioned to benefit from consumer preferences for clean-label and high-protein snacks,” said Mark Schiller, President and Chief Executive Officer of Hain. “Both brands have created loyal followings by being true to their unique value propositions. We are excited to welcome them to the Hain family and support the brands’ next chapter as part of our growing snacking platform.”
ParmCrisps offers high-protein, low-carb cheese crisps and snack mixes. Thinsters are thin, crispy cookies. Both brands are available in a variety of flavors.
“We have been proud to sponsor ParmCrisps and Thinsters to execute on a vision of scaling a better-for-you snack platform to meet the demands of today’s health conscious, informed consumers,” said José E. Feliciano, Co-Founder and Managing Partner, and Arta Tabaee, Managing Director, of Clearlake Capital Group. “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.”
The brands are manufactured and produced by That’s How We Roll, which also manufactures PartyTizer’s Dippin Chips.
“We are absolutely thrilled to be joining the Hain family,” said Sammy Kestenbaum, CEO of That’s How We Roll. “We believe the wealth of experience and resources of the team at Hain will allow us to reach even more consumers with our simple and delicious, better-for-you snacks.”