Diamond Foods, Inc. (DMND) said Wednesday that it has bought a 51% stake of Yellow Chips, a manufacturer of high quality vegetable and organic potato chips based in the Netherlands.
Yellow Chips markets its products under private labels and as its own premium brand, Go Pure, in Europe. Yellow Chips currently produces Kettle Brand Vegetable Chips for Diamond.
Following the acquisition, which Diamond is financing through cash on-hand, Yellow Chips' existing management team will continue to operate the company as an independent subsidiary.
For comments and feedback contact: editorial@rttnews.com
Business News