Diamond of California Releases '99 Results: Banner Fiscal Year.Business Editors & Food Writers STOCKTON, Calif.--(BUSINESS WIRE) Grower cooperative Diamond of California, the world's largest processor of walnuts and marketer of a variety of culinary nuts According to the botanical definition, nuts are a particular kind of dry fruit.[1] Walnuts and acorns are example of nuts, under this definition. In culinary terms, however, the term is used more broadly to include fruits, and even seeds, that are not botanically qualified as , today announced the results of its 1999 fiscal year, highlighting total revenue of $216 million. For growers throughout California's fertile Central Valley, this year's totals represent the second-highest performance in the co-op's 88-year history. Key areas of business contributing to this year's output and growth are featured in Diamond's 1999 annual report, including a new pegboard line of culinary nuts for the supermarket baking aisle. Diamond's walnut sales worldwide grew some 30 percent and international retail sales more than doubled during the past 18 months. This marketplace demand has helped drive the average number of Diamond baking nut items nationwide from 3.2 to 5.5 items per retail store in just one year, a more than 50 percent increase. For continued growth and future expansion, Diamond continues building strong relationships with major ingredient users. Diamond is also developing and test marketing new products such as glazed glaze n. 1. A thin smooth shiny coating. 2. A thin glassy coating of ice. 3. a. A coating of colored, opaque, or transparent material applied to ceramics before firing. b. walnuts and will launch a new North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. advertising campaign this fall. "As the only culinary and inshell nut company with truly global reach, Diamond is entering the 21st century committed to building the category and enhancing net income and grower equity for long-term growth," said Michael Mendes, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Diamond of California. About Diamond of California Formed in 1912 by California walnut growers, Diamond of California has evolved into one of the state's largest agricultural cooperatives An Agricultural cooperative is a cooperative where farmers pool their resources in certain areas. There are two primary types of agricultural cooperatives:
a complete meat production unit including facilities for slaughtering animals, processing of meat and offal, boning out, making up of blocks of carcasses, chilling, freezing, storing of the meat, preparation of by-products. in the world, a 550,000 square-foot production facility in Stockton, Calif., situated on 75 acres. Diamond also has four centrally located collection stations throughout California where walnuts are hulled, washed and dried. In addition to walnuts, Diamond produces a 12-item line of packaged ingredient nuts including everything from chopped hazelnuts to pine nuts pine nut or piñon (pĭn`yən, pē`nyōn), edible seed of various species of pine trees. Among the North American species that bear such edible seeds are the nut pines or piñons, Pinus edulis and slivered almonds, in addition to several forms of walnuts. |
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