Diamond Foods agrees to purchase Kettle Foods

Diamond Foods, which makes Emerald nuts and Pop Secret popcorn, is expanding its snack offerings by acquiring Kettle Foods from Lion Capital. The $615 million deal will more than double Diamond's snack business. "By adding Kettle, including its talented team of employees, our snack business will have greater scale, which will help us to drive even greater innovation in the snack market," said Diamond Foods' Michael J. Mendes.

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