Photo: Justin Sullivan / Getty Images
How many Pringles does $2.35 billion buy you? Apparently, all of them.
Like the slogan says, it seems like once to folks at Diamond Foods popped open a can, they just couldn't stop until they'd gobbled up the whole darn brand. The company is acquiring Pringles from its previous owner, Procter & Gamble.
As P&G's hometown paper, the Cincinnati Enquirer, reports, the American mega-company that's home to a variety of household name brands has lost its appetite for the food business over the years. Whereas it was once home to a range of grocery-store icons, from Duncan Hines and Jif to Folgers and Sunny Delight, P&G has sold off all of them, opting instead to focus on its less-than-edible brands, like cleaning products and toothpaste.
By selling Pringles, P&G takes itself out of the food business altogether.







