Distribution synergies and access to a wider better-for-you portfolio are two of the reasons industry experts have backed the move from Synd...
Diamond Foods side-stepped market talk it has put itself up for sale and even suggested it would be open to broadening its own portfolio dur...
Diamond Foods expects to return to profitability in its new financial year, pointing to the benefit of an on-trend product portfolio in the US, improved walnut supply and reduced financial costs.
A quiet week for financial updates as results season winds down, with Diamond Foods, Sainsbury's and Smithfield preparing to issue updates. Trade shows will see food companies setting out their wares in various continents from North America to Africa.
Diamond Foods has insisted it continues to make good progress on its turnaround plan, despite booking a mixed set of results that saw the top and bottom line remain under continued pressure.
Arca Continental's decision to acquire US-based Wise Foods and Ecuadorian snacks firm Inalecsa could come as a surprise, given that the Coca-Cola bottler's interests are primarily in the beverage sector. However, Michelle Russell suggests, the Mexican firm is likely to use the acquisitions to take its Mexican brands into new markets while also leveraging the capabilities of Wise and Inalecsa to boost its Mexican snacks presence.
Americans consume 16bn quarts of popcorn annually, with 70% of popcorn eaten at home. Capturing a share of this is all about keeping it simple and being honest with consumers, Angie Bastian, co-founder of popcorn firm Angie's Artisan Treats tells just-food's Hannah Abdulla.
The last 12 months have been a busy period for US snack maker Diamond Foods with the purchase of Kettle Foods, several product launches and inked plans for expansion.
Snyder’s-Lance, the US snacks group, has reported higher underlying sales and earnings, helped by its recent acquisition of Diamond Foods, although the company posted a mixed performance from its core business.
Snyder's-Lance, the US snacks group, today (10 May) booked higher first-quarter sales boosted by the inclusion of revenue from the recently-acquired Diamond Foods.
Diamond Foods, itself set to be sold to US snacks group Snyder's-Lance, this week took a stake in UK popcorn maker Metcalfe's Skinny. Our M&A pages featured a number of deals, including the move for Chinese dairy group Ambrosia by Irish co-op Ornua. At the ICR investment conference in Florida, the new owner of Green Giant, B&G Foods, said it was interested in more acquisitions in the frozen food sector, while Hain Celestial told delegates it could withstand greater competition in the US natural and organic sectors.
Diamond Foods has acquired a 26% stake in UK popcorn maker Metcalfe's Skinny Ltd.
The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.
Diamond Foods is extending its potato chip brand Kettle in the US with the launch of a line of root vegetable snacks, Kettle Brand Uprooted.
Diamond Foods has reported lower sales for the first quarter despite a boost in net income on the back of lower taxes.
Diamond Foods is launching a range of wholegrain and lentil snacks in the UK under its Kettle brand.
Newly acquired Diamond Foods has announced its entire line of culinary nuts, diamond of California, has obtained Non-GMO Project Verification.
This week the World Health Organization confirmed findings of a link between processed meat consumption and colorectal cancer - sparking fierce debate in and around the industry. Elsewhere, Snyder's-Lance agreed a deal to buy Kettle Chips owner Diamond Foods for US$1.91bn. And just-food interviewed Bonduelle CFO Gregory Sanson, who hinted at the firm's renewed ambitions for M&A. Here is the week in quotes.
Snyder's-Lance, the US snacks group, has swooped to strike an agreement to buy Kettle Chips maker Diamond Foods.
Snyder's-Lance, the US snacks group that today (28 October) announced a deal to buy Kettle Chips maker Diamond Foods, has cut its sales and earnings forecasts after reporting mixed results in its third quarter.
Kellogg is reportedly in late-stage talks over a potential acquisition of US snack maker Diamond Foods in a deal that could be valued at around US$1.5bn.
Philippines group Monde Nissin was this week named as the buyer of Quorn Foods, agreeing a deal that valued the UK meat-free business at GBP550m. ConAgra Foods, under-pressure from changing consumer trends in the US, outlined its plan to revitalise the group, with 1,500 jobs to go as part of the process. And just-food interviewed seafood giant Thai Union Group about its sustainability programmes.
Diamond Foods has booked higher full-year earnings despite flat sales as the US snacks group lowered its operating costs and lapped expenses last year.
Diamond Foods revealed that its Pop Secret premium popcorn brand has entered a “long-term strategic alliance” with The Walt Disney Company.
This week, Fonterra said it was reducing capital expenditure plans to mitigate pricing pressure in dairy. Kellogg announced its first half-results and committed to plans to remove artificial colours and flavours from its branded cereals in North America by 2018. Elsewhere, Tyrrells acquired Yarra Valley Snack Foods in Australia and Unilever came under fire in India. Here is the week in quotes
Diamond Foods has teamed up with a number of UK brands to launched a range under its Kettle Chips brand in the country.
US snack group Diamond Foods this week reported its third-quarter results and issued an upbeat outlook thanks to a strong domestic performance from Kettle. UK firm The Real Good Food Co. indicated it is considering acquisition opportunities following its disposal of sugar arm Napier Brown. Elsewhere, Grupo Nutresa reported a positive start to the year. Here are this week's results in brief.
US snack group Diamond Foods has raised the lower end of its full-year earnings outlook after booking higher sales and earnings in the first six months of the fiscal year.
Tesco is to be the first UK retailer investigated for alleged breaches of the country's groceries code in the wake of its mis-statement of profits, it was announced this week. Elsewhere, a staff error led to Fonterra losing its licence to ship cheese to the US and Mars revealed it will close a chewing gum plant in Canada.
US snacks group Diamond Foods has announced the acquisition of a majority stake in Dutch potato chips maker Yellow Chips.
With market talk rumbling on over whether Diamond Foods is up for sale, attention has now turned to if the company could be preparing to sell its snack food brands separately having failed to secure a buyer for the business as a going concern.
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