M&A Deal Summary

Aterian Investment Partners Acquires Hain Pure Protein

On May 9, 2019, private equity firm Aterian Investment Partners acquired food company Hain Pure Protein from Hain Celestial for 80M USD

Acquisition Highlights
  • This is Aterian Investment Partners’ 1st transaction in the Food sector.
  • This is Aterian Investment Partners’ largest (disclosed) transaction.
  • This is Aterian Investment Partners’ 17th transaction in the United States.
  • This is Aterian Investment Partners’ 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2019-05-09
Target Hain Pure Protein
Sector Food
Buyer(s) Aterian Investment Partners
Sellers(s) Hain Celestial
Deal Type Divestiture
Deal Value 80M USD

Target

Hain Pure Protein

Fredericksburg, Pennsylvania, United States
Hain Pure Protein Corp. is a provider of poultry processing facilities in Fredericksburg. Hain Pure Protein Corp. offers organic chicken, antibiotic-free chicken, cooked chicken, hot wings, diced chicken thighs, and diced chicken breast.

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Buyer(S) 1

Buyer

Aterian Investment Partners

New York, New York, United States

Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Aterian Investment Partners is a special situations private equity firm that invests in middle-market businesses that are financially or operationally challenged, or require a creative transaction solution. Aterian invests in businesses generating $25 to $500 million of revenue with strong franchises. Sectors of interest include manufacturing, chemicals, industrials, consumer products, food, beverages, distribution, metals/mining, retail, restaurants, and healthcare services. Aterian Investment Partners LLC is formed in 2009 and is based in New York City.

DEAL STATS #
Overall 17 of 26
Sector (Food) 1 of 2
Type (Divestiture) 4 of 5
State (Pennsylvania) 2 of 3
Country (United States) 17 of 25
Year (2019) 3 of 6
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-09 Pace

Brooklyn, New York, United States

Pace is a provider of plumbing, HVAC/mechanical, and fire protection services in the New York metropolitan area, serving the residential, commercial, hospitality, healthcare, and governmental markets. Pacewas founded in 1968 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-01 TableTrust Brands

Mifflintown, Pennsylvania, United States

TableTrust Brands is a farm-to-fork portfolio of premium natural and kosher food companies providing better-for-you proteins that meet consumer demand for transparency, convenience and wellness. TableTrust Brands is based in Mifflintown, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Hain Celestial

Lake Success, New York, United States
Category Company
Founded 1993
Sector Consumer Products
Employees4,287
Revenue 1.8B USD (2023)
DESCRIPTION

Hain Celestial is a natural and organic food and personal care products company in North America and Europe. Hain Celestial was founded in 1993 and is based in Lake Success, New York.

DEAL STATS #
Overall 3 of 10
Sector (Food) 2 of 8
Type (Divestiture) 3 of 9
State (Pennsylvania) 2 of 2
Country (United States) 3 of 9
Year (2019) 2 of 5
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-22 Plainville Farms

New Oxford, Pennsylvania, United States

Plainville Farms is a food processing company focused on raising poultry on family farms in a stress-free environment, using holistic practices to promote well-being. Plainville Farms is based in New Oxford, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-28 The Hain Celestial Group - Tilda

New York, United States

The Hain Celestial Group, Inc. - Tilda is a premium basmati and specialty rice brand.

Sell $342M
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