Diamond Foods in Discussions With Governmental Entities to Expand Manufacturing Capacity for Its Kettle Brand Products

/ Source: GlobeNewswire

SAN FRANCISCO, Oct. 12, 2010 (GLOBE NEWSWIRE) -- Diamond Foods, Inc. (Nasdaq:DMND) today announced that it is in discussions with the State of Wisconsin, the City of Beloit and the Wisconsin Department of Commerce. Diamond Foods is evaluating many factors, including financial incentives, to help the company decide where to locate additional manufacturing capacity. The company will expand production to meet growing consumer demand in Midwest, East and Southern markets for its Kettle Brand products. A final decision on the plant's location is expected later this Fall.

About Diamond

Diamond Foods is a high-growth innovative packaged food company focused on building, acquiring and energizing brands including Kettle®Chips, Emerald® snack nuts, Pop Secret ® popcorn, and Diamond of California® culinary and snack nuts. The Company's products are distributed in a wide range of stores where snacks and culinary nuts are sold.

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CONTACT: Diamond Foods, Inc. Investors: Bob Philipps, VP, Treasury & Investor Relations 415-445-7426 bphilipps@diamondfoods.com Edelman Media: Michael Altfest, Account Supervisor 415-486-3244 michael.altfest@edelman.com