Norwich-based Kettle Foods crisp firm sold for £402.3m

From the BBC:

Norfolk-based firm Kettle Foods, which makes Kettle Chips crisps, has been sold for £402.3m ($615m).

UK production of the food was set up in Bowthorpe, Norwich, in 1992. The site now employs 407 people.

A number of companies bid for the firm, previously owned by a private equity company Lion Capital, but San Francisco-based Diamond Foods won.

Diamond Foods president Michael Mendes said he welcomed their talented team of employees to his organisation.

The deal should be completed by the summer.

'Ideal partner'

Kettle Foods, which makes gourmet style crisps, nuts and tortilla chips, is based in Oregon, where it was founded in 1978.

Full article:
http://news.bbc.co.uk/1/hi/england/norfolk/8540480.stm

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