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
Source: Benzinga
Schumacher will replace Alan Jope, who announced his decision to retire last September, less than a year after a failed attempt by Unilever to buy GlaxoSmithKline’s consumer healthcare business and just months after activist investor Nelson Peltz joined the company’s board.
Globally, plant-based ice creams have doubled their share of the market over the last five years, according to Tetra Pack. Pea protein and coconut milk are leading the way, but Tetra Pak cites data showing that oat-based ice cream launches have doubled in the previous year.
A myriad of so-called eco-labels are being rolled out across various F&B products, but with no gold standard or strict rules governing precisely what the logos mean and what methodology is behind them, concerns are growing that they will confuse consumers and ultimately be counterproductive.
