Diamond Foods

Diamond Foods, Inc.
Public company
Traded as NASDAQ: DMND
Industry Consumer packaged goods
Founded 1912 (1912)
Headquarters Stockton, California, U.S.
Area served
Products sold in over 100 countries
Key people
Brian J. Driscoll
President and CEO
Products Kettle Brand chips, Emerald snack nuts, Pop Secret popcorn, and Diamond of California snack and culinary nuts.
Revenue 2012: $981.4 MM
2011: $966.6 MM
2010: $682.3 MM
2012: ($86.3) MM
2011: $26.5 MM
2010: $15.6 MM

Diamond Foods is an American packaged food company based in Stockton, California specializing in marketing nuts, particularly walnuts. Its brands include Kettle Brand chips, Emerald snack nuts, Pop Secret popcorn, and Diamond of California snack and culinary nuts.

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.

References

  1. http://origin-www.lexisnexis.com/ap/auth/. Missing or empty |title= (help)
  2. Bloomberg News (February 26, 2010). "Kettle Foods of Salem sold for $615M". OregonLive.com. Retrieved 27 February 2010.
  3. Press Release (November 1, 2011). "Diamond Foods Provides Update on Pringles Transaction". Diamond Foods. Retrieved 14 November 2011.
  4. "Insight: Seeds of trouble sown at Diamond Foods years ago". Reuters. 2012-03-19.
  5. http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370540598296#.VHt7VktbTwI

External links

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