The total purchase price was approximately $259m in cash, subject to adjustment for working capital, according to a press release. That’s How We Roll was acquired from Clearlake Capital Group.
“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.
Related: Hain Reports Better-Than-Expected Q1 2022 Results Health and Wellness M&A Update Above Food Acquires Makers of Loma Linda, Tuno
AsWholeFoodspreviously reported, Clearlake has worked with Hain before. “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.”
