Diamond Foods buying Pringles in $1.5B deal
by Michelle ChapmanAP Retail Writer
NEW YORK - Diamond Foods Inc. is buying Procter & Gamble Co.'s Pringles chips business in a $1.5 billion deal, the biggest in a string of acquisitions that have given the maker of Pop Secret popcorn and Kettle chips a growing share of the snack aisle.
The deal also completes P&G's exit from all its major food businesses. The maker of Tide and Pampers has sold off Folgers coffee, Jif peanut butter, Crisco Shortening and Sunny Delight drinks in recent years.
The Pringles deal is structured to create a new company under the Diamond Foods name.
Associated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. Neither these AP Materials nor any portion thereof may be stored in a computer except for personal and non-commercial use. The AP will not be held liable for any delays, inaccuracies, errors or omissions therefrom or in the transmission or delivery of all or any part thereof or for any damages arising from any of the foregoing.
Latest Stories
- TOWNSHIPS OF ILLINOIS ORGANIZATION PRESENTS RICH TOWNSHIP WITH COVETED “2026 TOWNSHIP OF THE YEAR AWARD”
- The Church of God in Christ Appoints Pastor Michael Eaddy To Bishop
- CALUMET PARK GRADE SCHOOL DISTRICT 132 WELCOMES NEW SUPERINTENDENT, DR. BEATRIZ MALDONADO, WHO IS USHERING IN A NEW ERA OF ACADEMIC EXCELLENCE AND STUDENT ACHIEVEMENT
- CICS Avalon Named the #1 Charter Middle School in Illinois by U.S. News & World Report
- Cook County Treasurer Maria Pappas highlights expanded exemptions and benefits available to veterans and their surviving spouses
Latest Podcast
THE BEARS ARE STAYING...
