It is understood that Diamond is paying $615 million for the Kettle brand.
Michael J Mendes, chairman, president and CEO of Diamond, said: "We plan to invest in promoting the Kettle brand to expand distribution, increase brand equity, and support the introduction of new products. Our strategy is to begin investing in Kettle's future growth by better deploying Diamond's balance sheet against the new Kettle value added retail franchise in the fourth quarter and to reduce less profitable volume in Diamond non-retail channels."
The food business is hugely dependent on consumer demands. Andre Erasmus examines some changes in the #cooking fiel… https://t.co/MklYhdLBkV
.@AHDB_Potatoes' first provisional estimate of total production in GB for the 2016 crop year is 5.22 million tons… https://t.co/ObUrB3sLza
Asia-Pacific Is the Fastest-growing Region in the Industrial #Starch Market, according to @marketsmarkets… https://t.co/fVYO9xUnsz