Home » Snyder’s-Lance Divests Diamond Of California Culinary Nut Business

Snyder’s-Lance Divests Diamond Of California Culinary Nut Business

Snyder's-Lance logo

Last updated on June 13th, 2024 at 04:59 pm

Snyder’s-Lance Inc. plans to sell its Diamond of California culinary nut business to Blue Road Capital.

“This strategic transaction will allow us to concentrate on our core business of providing our consumers and retail partners with our premium portfolio of snack brands focused on better ingredients, quality and taste,” said Carl E. Lee Jr., president and CEO at Snyder’s-Lance. “Diamond of California is a leader in culinary nuts with a bright future and should benefit from Blue Road Capital’s expertise, strategic assets and prior investments in the category. This is truly a beneficial transaction for both parties and will be a positive for our employees in Stockton, California.”

Snyder’s-Lance entered the culinary nuts business as a result of the company’s acquisition of Diamond Foods Inc. in February. The Diamond of California nut business is operated from the company’s Stockton facility, and net revenue in the third quarter of 2016 was $42.9 million.

About the author

Shelby Team

The Shelby Report delivers complete grocery news and supermarket insights nationwide through the distribution of five monthly regional print and digital editions. Serving the retail food trade since 1967, The Shelby Report is “Region Wise. Nationwide.”

Featured Photos

Featured Photo ROFDA Spring Conference
Renaissance Esmeralda
Indian Wells, CA
Share via
Copy link
Powered by Social Snap