Diamond Foods

Last updated
Diamond Foods, Inc.
Type Public company
Nasdaq: DMND
Industry Consumer packaged goods
Founded1912;111 years ago (1912)
Defunct2016;7 years ago (2016)
Fateacquired; split up
Headquarters,
Area served
100+ countries
Parent Blue Road Capital

Diamond Foods was an American packaged food company based in San Francisco, that marketed nuts (particularly walnuts and almonds) and other snack foods. Diamond Foods was acquired by Snyder's-Lance in 2016, and as of 2018, Campbell Soup Company owns Diamond Foods's former snack brands; Diamond of California, Diamond Foods's nut business, is owned by Blue Road Capital. [1]

Contents

History

The company was founded in 1912 as Diamond Walnut Growers, Inc., a member-owned Californian agricultural cooperative association. In July 2005, Diamond Walnut Growers converted to a Delaware corporation and initial public offering of stock as Diamond Foods.

Timeline

Diamond Foods brands

Diamond Foods has five product lines:

Each of the snack product lines has “better-for-you” options including 100-calorie packs, 94% Fat Free popcorn and both baked potato chips with 65% less fat than traditional potato chips and a reduced fat chip with 40% less fat.

Production

The company has about 1400 full-time employees in Wisconsin, Indiana, Tennessee, Alabama and the United Kingdom. Diamond does not grow any of its own crops; it purchases raw material from domestic and international sources. Diamond products are processed and packaged at facilities in Stockton, California; Salem, Oregon; Van Buren, Indiana; Beloit, Wisconsin; Robertsdale, Alabama; and Norwich in the United Kingdom.

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References

  1. "Blue Road Capital Agrees to Acquire Diamond of California Nut Brand from Snyder's-Lance - Global AgInvesting". 29 November 2016.
  2. "LexisNexis Enterprise Solutions".
  3. Bloomberg News (February 26, 2010). "Kettle Foods of Salem sold for $615M". OregonLive.com. Retrieved 27 February 2010.
  4. Press Release (November 1, 2011). "Diamond Foods Provides Update on Pringles Transaction". Diamond Foods. Retrieved 14 November 2011.
  5. "Insight: Seeds of trouble sown at Diamond Foods years ago". Reuters. 2012-03-19.
  6. "SEC Charges Diamond Foods and Two Former Executives Following Accounting Scheme to Boost Earnings Growth". www.sec.gov. Retrieved 23 May 2018.
  7. "Steven Neil (Release No. LR-23192; February 6, 2015)". www.sec.gov. Retrieved 27 Aug 2018.
  8. "Snyder's-Lance Announces Divestiture of Diamond of California® Culinary Nut Business (NASDAQ:LNCE)". ir.snyderslance.com.