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Associated Press text, photo and/or graphic material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium.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
- Illinois' Health Equity Crisis Demands 340B Reform
- BLACK GIRL WELLNESS FEST MAKES ITS HIGHLY ANTICIPATED CHICAGO DEBUT — EXPERT VOICES, CELEBRITY GUESTS AND CULTURAL ENERGY COME TOGETHER FOR TWO POWERFUL DAYS OF WELLNESS
- Illinois Takes a Major Step to Protect Homeowners
- Council Members Demand Answers After Public Safety Hearing Blocked by Procedural Maneuver
- Rich Township High School District 227 Celebrates a Year of Growth, Opportunity, and Student Success
Latest Podcast
All about seniors
