Processing, fries, chips, Trends

China: ConAgra extends global footprint with acquisition

As part of its ongoing business strategy to grow the company’s international presence, ConAgra Foods, Inc., announces that it has acquired TaiMei Potato Industry Limited, a potato processor in Shangdu, Inner Mongolia. This acquisition expands ConAgra Foods’ Lamb Weston operations in a market that has growing demand for frozen potato products. “We’ve been doing business in China and throughout Asia for more than 25 years, leading the way in market development and expansion,” says Greg Schlafer, president Lamb Weston. “TaiMei is ConAgra Foods’ first potato processing facility in China, and we are confident they’ll help to accelerate our strong growth in Asia.”

Source: consumergoods.edgl.com

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