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According to the Manchester Evening News, Peter Collins took legal action against crisp manufacturer Walkers - which was established in the 19th century and is now a subsidiary of Pepsi Co - following the incident in January 2008.
Mr Collins swallowed the mould - which looked exactly like a crisp - while consuming a bag of the company's barbecue rib flavour snacks and his son had to squeeze his chest in order to clear his airway.
Doctors told the 53-year-old that chemicals from the rubber had got into his stomach and he subsequently needed medication for three months afterwards.
"It was a horrible feeling, the taste in my mouth was awful. I literally couldn't breathe and I don' mind admitting I started to panic," he told the news source.
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