The Office of Fair Trading has given its approval for the $2.35bn acquisition of Pringles by Diamond Foods.

The US company revealed back in April that it had signed a deal to buy the global crisp brand from Proctor & Gamble.

Adding Pringles to the Diamond portfolio, which includes the Kettle Chips crisp brand, would triple the size of its snack business.

Diamond has already won the approval of the US competition authorities. The final hurdle remains the approval of Diamond’s shareholders, which is expected to come by the end of the year.

Read more
Focus On Crisps, Nuts & Snacks (21 May 2011)
US owner ‘unlikely to meddle’ after £1.4bn swoop on Pringles (9 April 2011)
P&G quits food trade after selling Pringles to Kettle Chips owner (6 April 2011)