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Munching Your Way to Profits?

As stocks ended lower Thursday, Cramer highlighted an expanding growth story that works even in a down economy.

Headquartered in San Francisco, Diamond Foods offers its products under the Emerald, Pop Secret, Kettle and Diamond of California brand names. In April, the company announced its plans to buy Procter & Gamble's Pringles brand for $2.3 billion. Cramer thinks the deal could transform Diamond Foods from a $1.5 billion company to "a global snacking powerhouse." After all, Cramer said Diamond has a lot of experience acquiring unloved brands and turning them around.

Diamond Foods is already taking share in the snacking business, Cramer said. Its stock has posted a 70 percent gain since he first recommended it on October 15, 2010. The stock is also up 46 percent since Cramer interviewed CEO Michael Mendes in December. Cramer welcomed Mendes back to "Mad Money" to learn what's next for this food company. Watch the video to see the complete conversation.

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  • Jim Cramer

    Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

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