Diamond Foods

Snyder’s-Lance, the US snack firm, has announced that it has completed the acquisition of Diamond Foods, acquiring all outstanding shares of the company in a cash and stock merger deal. This deal will create a powerful international snack foods company with a diversified portfolio, Snyder’s Lance said, and will add brands such as Kettle potato chips, Pop Secret popcorn, Emerald snack nuts & Diamond Of California culinary nuts to the …

Diamond Foods, the US nut and snacks company, has announced the purchase of a 26% stake in UK-based popcorn manufacturer Metcalfe’s Skinny, financing the acquisition through cash on-hand. Metcalfe’s Skinny, whose current management board will continue to operate independently of Diamond Foods, is known for its ready-to-eat popcorn portfolio and other ‘better-for-you snacks’, primarily in the UK. In relation to the deal, Kettle Chips UK managing director Ashley Hicks said: …

Breakfast cereal manufacturer Kellogg is in “late stage talks” with Diamond Foods over a potential acquisition of the company, according to a report in the New York Post. The newspaper quoted sources as saying that the value of the deal would be more than $1.5 billion, equivalent to $35 to $40 per share. The deal would see Kellogg move further away from its traditional territory of breakfast cereals and more …