Diamond Foods Snacks Business to Drive Growth

Publish Date: 
September 22, 2011

Diamond Foods Inc. expects its sales to double in fiscal 2012, as it gains a greater share of the potato chip market through its recent acquisition of the iconic Pringles brand, lifting its shares 5 percent in after-market trading.  The $615 million acquisition of potato chip company Kettle Foods Inc in 2010 and the $1.5 billion deal for Pringles have given Diamond Foods a foothold in a fragmented snack food market dominated by PepsiCo's Frito-Lay snack business.
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