M&A
confidence high
sentiment positive
materiality 0.75
Hain Celestial to acquire ParmCrisps and Thinsters for ~$259M
HAIN CELESTIAL GROUP INC
- Total purchase price ~$259M, funded via revolving credit facility; deal expected to close by end of 2021.
- That's How We Roll net sales ~$108M for 12 months ended Sep 30, 2021; mid-teens growth expected in CY2022.
- Acquisition slightly accretive to Hain's Adjusted EBITDA in FY2022 and accretive in FY2023, margins in line with existing snacks.
- Seller is Clearlake Capital; Hain previously acquired Clearlake portfolio company World Gourmet/Sensible Portions in 2010.
- BofA Securities acted as Hain's financial advisor; Venable LLP as legal advisor.