Diamond Foods

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US: Diamond payment probe delays Pringles takeover

2 Nov 2011

Diamond Foods' acquisition of the Pringles business from Procter & Gamble has been delayed over an investigation into the US snack firm's crop payments to walnut growers.

US: Diamond adds to breakfast snacks range

25 Oct 2011

Diamond Foods has added to its range of snack products in the US that are sold to eat for breakfast.

US: Diamond Foods CEO Mendes joins Hormel board

28 Sep 2011

Diamond Foods chairman, president and CEO Michael Mendes has joined the board of US food group Hormel Foods.

Quote, unquote: just-food's week in words

19 Sep 2011

Stories from Europe, the UK, the US and Latin America provided some of this week's headlines. A key shareholder in Metro Group has lost patience with the German retailer's CEO, upmarket UK grocer Marks and Spencer revealed its new-look food halls, US snack firm Diamond Foods discussed the outlook for its new financial year and PepsiCo outlined plans to launch healthier products in Mexico.

On the money: Pringles is key to Diamond's future sparkle

16 Sep 2011

Diamond Foods says the raw power of the Pringles brand is a vital component in its future success.

US: Diamond FY profits surge, ups guidance

16 Sep 2011

Diamond Foods has posted an increase in annual profits and upped its earnings guidance for its new fiscal year.

UK: Diamond Foods ups size of Pringles cans

12 Sep 2011

Diamond Foods has said it intends to "boost" sales across its Pringles brand with the launch of Big Sharing Packs in the UK, this month.

UK: Former Green & Black's MD Lowe joins Kettle Foods

8 Aug 2011

The ex-managing director of premium chocolate maker Green & Black's has been appointed MD of Kettle Foods in the UK.

US: Diamond Foods launches reduced-fat Kettle range

14 Jul 2011

Diamond Foods has launched a reduced-fat potato chip range under the Kettle brand in the US.

US: Diamond ups profit target

3 Jun 2011

Diamond Foods has upped its profit guidance after posting "strong" financial results for its third quarter.

Demand for "premium", healthy snacks drives UK sales

12 May 2011

Sales of sweet and savoury snacks in the UK continued to rise in 2010, underpinned by demand for premium brands and products beneficial to health, writes Euromonitor International's Anastasia Alieva. Innovation is focusing more on reformulation and the creation of nutritionally-balanced indulgent snacks, which will pave the way for future growth.

Best bits: Diamond, Smithfield look to expand outside US

11 Apr 2011

Pringles, an anomaly in a Procter & Gamble portfolio that spans categories as diverse as batteries and fabric conditioner, was always going to be sold. The questions surrounded when and to whom.

Editor's choice: the highlights on just-food this week

8 Apr 2011

Diamond Foods' move for global snacks brand Pringles was the stand-out story this week, with the US snack firm set to add to a burgeoning stable that already includes Kettle Foods. Elsewhere, Smithfield Foods announced plans to take a majority stake in Europe's largest packaged meats maker Campofrio, while Marks and Spencer struck an upbeat tone as it published its latest sales figures. Click on the headlines to find out more.

Quote, unquote: just-food's week in words

8 Apr 2011

M&A led the news agenda again this week, with Diamond Foods' plans to acquire crisp brand Pringles, while Smithfield revealed plans to acquire Spanish meat brand Campofrio. Meanwhile, M&S published better than expected results for its fourth quarter. Here's the best of what was said this week.

In the spotlight: Diamond Foods goes global with Pringles buy

7 Apr 2011

Every now and then, a deal is done that significantly alters the direction of a business. Diamond Foods' agreement to buy the Pringles brand looks set to do just that, tripling the size of the US firm's snacks business and boosting the company's exposure to overseas markets. Dean Best reports.

UPDATE: US: Diamond looks to build on Pringles reach

5 Apr 2011

Diamond Foods, which today (5 April) agreed to buy global snacks business Pringles, said it plans to leverage the brand's distribution channels to extend the reach of its other products, such as Kettle Chips and Pop Secret.

US: Diamond Foods buys Pringles from Procter & Gamble

5 Apr 2011

Diamond Foods has struck a deal to buy the Pringles snack brand from consumer goods giant Procter & Gamble for US$2.35bn.

On the money: Diamond Foods considers international growth

9 Mar 2011

US manufacturer Diamond Foods said yesterday it plans to expand its internationally.

US: Diamond Foods increases full-year forecast

9 Mar 2011

US food manufacturer Diamond Food has increased its full-year sales and profit guidance on the back of a strong second quarter.

UK: Diamond Foods expands Kettle Chips plant

1 Feb 2011

Diamond Foods, the US snack maker, has announced today (1 February) that it is investing US$10m in expanding a Kettle Chips facility in the UK to meet increased demand.

US: Diamond's Kettle rolls-out "healthy" crisps

5 Jan 2011

Diamond Foods-owned Kettle has expanded its crisp portfolio in the US to include two "healthy" variants.

The just-food management briefing - M&A in 2010 - a year in review

20 Dec 2010

Kraft Foods' move to buy Cadbury in January failed to spark a burst of M&A activity in the food industry, as economic conditions continued to dampen attitude to risk. As the year progressed, however, and confidence returned, the pace of acquisitions picked up. But as Dean Best reports, the nature and rationale behind the deals has altered significantly.

The just-food management briefing - M&A in 2010 - a timeline

20 Dec 2010

There have been over 640 stories in just-food's M&A section since April this year covering everything from industry-changing mergers to bolt on acquisitions and brand disposals. This section to the briefing tracks the major moves through the year by looking at all the deals that were put under scrutiny in our insights section.

US: Diamond ups profit target after bumper Q1 sales

9 Dec 2010

Diamond Foods, the US snack maker behind upmarket crisp brand Kettle Chips, has lifted its full-year earnings target after first-quarter sales rose 40%.

US: Diamond Foods expands Kettle Chips plant

2 Nov 2010

US-based Diamond Foods announced today (2 November) that it is investing US$38m in expanding a Kettle Chips facility to meet increased demand.

US: Diamond Foods plans Kettle production expansion

13 Oct 2010

US snack maker Diamond Foods is planning to expand the production of its Kettle brand.

US: Diamond lifts earnings forecast for upcoming fiscal year

6 Oct 2010

US snack maker Diamond Foods has lifted its earnings forecast for its upcoming fiscal year after 12 months of "record" results.

Best bits: M&A spotlight shines on McVitie's, Pringles and Yoplait

27 Sep 2010

The battle to buy United Biscuits apparently now has an Eastern flavour.

Editor's choice: highlights on just-food this week

24 Sep 2010

A slew of stories about UK private label and the latest developments in stevia, the low-calorie sweetener, demanded analysis this week, while we shone the spotlight on two US firms reporting their latest results - ConAgra Foods and General Mills. The week's M&A whispers centred around snack brand Pringles and commodity traders Louis Dreyfus and Olam International.

US: Talk of Pringles-Diamond "merger" garners mixed reaction

21 Sep 2010

Procter & Gamble's reported rejection of a proposal to merge its snacks business Pringles with US snack maker Diamond Foods has attracted a mixed response from industry watchers.





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