M&A
confidence high
sentiment positive
materiality 0.70
Hain Celestial completes $259M acquisition of ParmCrisps and Thinsters brands
HAIN CELESTIAL GROUP INC
- Paid $259M cash for That's How We Roll, producer of ParmCrisps and Thinsters better-for-you snacks.
- Acquisition funded in part by new $1.1B credit facility ($300M term loan + $800M revolver).
- New credit agreement matures in five years, includes leverage-based pricing and maintenance covenants.
- ParmCrisps are high-protein/low-carb cheese crisps; Thinsters are non-GMO crispy thin cookies.