updated: 10/26/2012 8:02:48 AM

Diamond Foods to Close Fishers Facility

InsideINdianaBusiness.com Report

A California-based snack food manufacturer is shutting down a plant in Fishers and will cut approximately 100 employees. In a federal filing, Diamond Foods Inc. (Nasdaq: DMND) says it expects to complete the closing by early next year.

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The company attributes to closure to a decision to eliminate some product lines such as peanuts and the Harmony brand.

Diamond Foods acquired Harmony Foods Corp. in 2006 for $18 million.

The company says it will eventually manufacture all Emerald brand products in a California facility.

Diamond says it will offer severance and employment support to the affected workers.

You can read the notice to the U.S. Securities and Exchange Commission by clicking here.

Sources: U.S. Securities and Exchange Commission and Inside Indiana Business

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