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Kettle Foods


Initial Lion Capital investment: September 2006
Final exit: March 2010
Region: US/UK (Head Office: Oregon, US)
Website: www.kettlefoods.com

Established in 1978, Kettle Foods is one of the leading premium salty snack companies in the United States and the United Kingdom. The company’s main products include fried potato chips and baked potato chips, and it also manufactures roasted nuts, nut butters and tortilla chips and a “better-for-you” line of healthy snacks under the Kettle Bakes brand. Kettle leads the industry as the No. 1 natural potato chip brand according to ACNielsen, with distribution throughout North America, Japan, Guam and Western Europe. Its manufacturing sites in Salem, Oregon and Beloit, Wisconsin in the United States and Norwich in the United Kingdom produce more than 20 flavors and four varieties of potato chip offerings, five flavors of tortilla chips and a variety of nut butters and trail mixes. Kettle employs over 700 people and in 2009 generated sales of over $250 million. In March 2010, Diamond Foods, Inc. (NASDAQ:DMND), acquired Kettle Foods from Lion Capital.

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