From walnuts to chips: A history of Diamond Foods

(Reuters) – Diamond Foods Inc’s (DMND.O: Quote, Profile, Research) buy of Pringles from Procter & Gamble Co (PG.N: Quote, Profile, Research) for $1.5 billion in stock, could more than triple the size of its snack foods business.

Following are some key dates in the history of Diamond Foods:

1912: A group of walnut growers in California found Diamond as an agricultural cooperative

1926: The company that started with walnuts begins branding its premium products with the red Diamond brand

1930: Expands its market and starts selling products abroad

1956: Centralizes its operations in Stockton, California

1999: Company changes its name to Diamond of California

2005: Gets listed on Nasdaq and changes name to Diamond Foods Inc and trades under DMND symbol

2006: Acquires some assets of Harmony Foods for $18 million and enters the snack-food business

2008: Buys General Mills Inc’s (GIS.N: Quote, Profile, Research) popcorn business, Pop Secret, for about $190 million

2010: Acquires Kettle Foods Inc, a potato chip company from Lion Capital for $615 million

2011: Acquires Pringles from Procter & Gamble Co (PG.N: Quote, Profile, Research) for $1.5 billion

(Compiled by Arpita Mukherjee and Renju Jose)

From walnuts to chips: A history of Diamond Foods