Diamond expands snack food empire with $2.35bn Pringles acquisition
By Elaine Watson
Last updated on
Kettle chips and Emerald nuts maker Diamond Foods has struck a $2.35bn deal with Procter & Gamble to merge with the latter’s Pringles chips operation in a move that will more than triple the size of its snack foods empire.
Nut and snack maker Diamond Foods has increased its outlook for fiscal year 2011 after volumes rose 40 per cent in Q1 following the acquisition of Kettle Foods.
