Consumer goods industry

Bellisio Foods, Rao's, and Robert Rothschild Farm are some other recent packaged food targets.

The purchase follows Coach's acquisitions of Kate Spade and Stuart Weitzman.

Clorox Co., Helen of Troy, HGGC and Swander Pace also bought makers of wellness supplements.

IOP, Platte River, the Riverside Co. and Saw Mill have recently raised new funds as well.

The firm backs Impact Fitness and recycling company Living Earth using the Bain Capital Double Impact investing strategy.

Advent, Benford Capital, and New Water Capital also acquired packaged food businesses.

The deal comes as the PE firm seeks to buy more food and consumer goods companies.

Arm & Hammer, Nair and Trojan are among the buyer’s portfolio of consumer brands.

“High-growth assets are getting very high premiums,” says Kainos Capital’s Jay Desai, pointing to Hershey’s acquisitions of the BarkThins and Krave jerky brands and Conagra’s purchase of Thanasi Foods, at ACG’s InterGrowth 2017.

NRD has invested in Frisch’s Big Boy and Fuzzy’s Taco Shop. Other notable deals include Roark Capital's investments in Jimmy John's and Jim 'N Nick's Bar-B-Q.