Blue Road Capital has agreed to buy the Diamond of California brand of nuts used in cooking from Snyder’s-Lance Inc. (Nasdaq: LNCE) for undisclosed terms. Snyder’s closed its acquisition of Diamond Foods in February and is retaining the company’s snack brands, including Pop Secret popcorn, as Snyder’s adheres to a growth strategy of focusing on “better-for-you” snack foods.

Diamond of California, based in Stockton, California, produces almonds, walnuts, cashews, pistachios and hazelnuts. The target sells its products in grocery stores and retailers such as Albertson’s and Kroger Co. (NYSE: KR).

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