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Clearlake-backed Parmcrisps and Thinsters brands to be acquired by Hain Celestial in USD259m deal

Clearlake Capital Group is to sell Proven Brands and KTB Foods to The Hain Celestial Group (Hain Celestial) for approximately USD259 million. 

The sale includes the flagship ParmCrisps and Thinsters brands out of Clearlake’s Better For You Holdings food platform, which sponsors leading providers of high quality, branded, better-for-you snacks and beverages.
 
Clearlake acquired the Company in 2014 and subsequently completed the successful acquisition of Kitchen Table Bakers, the makers of ParmCrisps, in 2016. 

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