Diamond Foods, Inc., a snack food and culinary nut company, announced on Monday it has acquired a 26 percent stake in Metcalfe’s Skinny Limited.
Metcalfe’s Skinny is the owner of ‘skinny Popcorn’, a maker of premium ready-to-eat “better-for-you” popcorn and snacks.
Diamond Foods noted that Metcalfe’s Skinny markets its products in the “fast growing” wellness segment, predominantly in the UK.
“We are very excited to acquire an interest in Metcalfe’s skinny, which is an incredibly innovative, fast-growing, premium brand appealing to ‘foodie’ consumers looking for lighter great tasting snacks,” said Ashley Hicks, Managing Director of KETTLE® Chips UK, a division of Diamond Foods.
Shares of Diamond Foods have gained more than 45 percent over the past year.
By Jayson Derrick
The Coca-Cola Co. has promoted Evguenia (Jeny) Stoichkova to president of global ventures, effective Jan. 1, 2023. Ms. Stoichkova joined Coca-Cola Bulgaria in 2004 and was most recently the president of the company’s Eurasia & Middle East division, a role she has held since 2021.
US-based Perfect Day, is partnering with Onego Bio, which specializes in creating animal-free eggs, aiming to accelerate the timeline to bring the eggs to the market. The business, with the use of its technology, plans to commercialize animal-free ovalbumin, the most abundant egg white protein extracted through precision fermentation.
Food waste costs the EU €143 billion per year (US$141.7 billion), with a report by Feedback EU raising the alarm of how it’s vital to reduce waste from farm to fork 50% by 2030 and the only way this will be achieved is by enforcing a mandatory directive forcing the food industry to do better and retailers to pay a tax of food waste.