Diamond Foods

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Snyder's-Lance 2016 sales boosted by Diamond Foods deal

13 Feb 2017

US snacks group Snyder's-Lance today (13 February) reported a 27% rise in annual sales, helped in the main by its acquisition of Diamond Foods last February.

SunOpta appoints Diamond Foods executive David Colo as CEO 

6 Feb 2017

Canada-based organic food group SunOpta has named Diamond Foods executive David Colo as its new president and CEO. 

Snyder's-Lance sells Diamond of California culinary nut business

29 Nov 2016

Snyder's-Lance is to sell the Diamond of California culinary nut business the US snack maker acquired last year through its acquisition of Kettle Chips maker Diamond Foods.

Snyder's-Lance Q2 results shaped by Diamond Foods deal

9 Aug 2016

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 sales boosted by Diamond 

10 May 2016

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. 

Food industry news of the week - Metcalfe's Skinny, Hain Celestial, Ornua

15 Jan 2016

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 acquires minority stake in Metcalfe's Skinny

12 Jan 2016

Diamond Foods has acquired a 26% stake in UK popcorn maker Metcalfe's Skinny Ltd.

The food industry in 2016 - the trends that will drive M&A

3 Jan 2016

Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.

The year in review - the news that shook the food industry in 2015

21 Dec 2015

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 to launch Kettle Uprooted in the US

18 Dec 2015

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 Q1 sales hit by poor nut performance

10 Dec 2015

Diamond Foods has reported lower sales for the first quarter despite a boost in net income on the back of lower taxes.

Diamond Foods launches Kettle wholegrain, lentil snacks in UK

10 Dec 2015

Diamond Foods is launching a range of wholegrain and lentil snacks in the UK under its Kettle brand.

Diamond Foods takes walnut line Non-GMO

3 Nov 2015

Newly acquired Diamond Foods has announced its entire line of culinary nuts, diamond of California, has obtained Non-GMO Project Verification.

Food industry quotes of the week - WHO meat study, Snyder's-Lance, Bonduelle

30 Oct 2015

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 sees qualified analyst praise for Diamond deal

29 Oct 2015

Distribution synergies and access to a wider better-for-you portfolio are two of the reasons industry experts have backed the move from Synder's-Lance for fellow US snacks group Diamond Foods. However, with Diamond having had a challenging few years financially, is the US$1.91bn cash-and-shares deal all Snyder's-Lance has made it out to be? Hannah Abdulla reports.

Snyder's-Lance strikes deal to buy Kettle Chips owner Diamond Foods

28 Oct 2015

Snyder's-Lance, the US snacks group, has swooped to strike an agreement to buy Kettle Chips maker Diamond Foods.

Snyder's-Lance trims FY sales, earnings forecasts

28 Oct 2015

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 'nears US$1.5bn acquisition of Diamond Foods'

23 Oct 2015

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. 

Food industry quotes of the week - Quorn, ConAgra, Thai Union Group

2 Oct 2015

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.

Who could swoop for Diamond Foods? 

1 Oct 2015

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 during a conference call with analysts this week. However, this does not mean the US snacks group's management is closed to the idea of the company shopping itself. Katy Askew takes a look at the possibility of a deal and who could be interested in a punt for the Kettle Chips maker.

Diamond sales flat but earnings rise

30 Sep 2015

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's Pop Secret secures Disney deal

16 Sep 2015

Diamond Foods revealed that its Pop Secret premium popcorn brand has entered a “long-term strategic alliance” with The Walt Disney Company.

Food industry quotes of the week - Fonterra, Kellogg, Tyrrells

7 Aug 2015

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 launches Chef's Signature Kettle Chips

27 Jul 2015

Diamond Foods has teamed up with a number of UK brands to launched a range under its Kettle Chips brand in the country.

Food industry results in brief – Diamond, Real Good Food Co., Nutresa

5 Jun 2015

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.

Diamond lifts outlook as H1 earnings rise

6 Mar 2015

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.

Food industry news of the week: Tesco and GCA; Fonterra; Mars

6 Feb 2015

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.

Diamond Foods buys majority stake in Yellow Chips

4 Feb 2015

US snacks group Diamond Foods has announced the acquisition of a majority stake in Dutch potato chips maker Yellow Chips.

Diamond sees earnings rise on lower costs

9 Dec 2014

Diamond Foods reported a jump in first-quarter operating income as the US snacks group lapped a period of elevated costs and one-time expenses.

Interview: Boomchickapop owner says "transparency" is vital for the future of popcorn

2 Dec 2014

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.

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