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Snack sale completed

This article was originally published in Foodnews

US firm Diamond Foods Inc, a leading branded food company specialising in culinary nuts and snack products under the Diamond and Emerald brands, has announced that it completed the acquisition of the Pop Secret popcorn business from General Mills Inc for approximately US$190 million in cash. The purchase was funded, in part, by a new five year US$250 million unsecured credit facility. The facility, led by Bank of America, replaces the company's previous credit facilities and senior notes.

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