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US: Diamond Foods acquires majority stake in Netherlands-based potato chip maker

Diamond Foods, Inc. has acquired a 51% stake of Yellow Chips, a manufacturer of vegetable and organic potato chips based in The Netherlands. Financial terms of the transaction were not disclosed. Yellow Chips markets its products under private labels and as its own premium brand, Go Pure, in Europe. Yellow Chips currently produces Kettle Brand Vegetable Chips for Diamond. Following the acquisition, Yellow Chips’ existing management team will continue to operate the company as an independent subsidiary.

Source: www.foodbusinessnews.net

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