Lamb Weston, ConAgra to part ways

In November, ConAgra Foods, Inc. issued a press release announcing their plan to “separate into two independent public companies.” The first, which will focus on their consumer brands business, will be ConAgra Brands, Inc. The other company, with plants in Quincy and Warden, is Lamb Weston, and their primary focus will be the frozen potato business. The separation is expected to take effect next fall and will leave shareholders with shares of both independent companies. ConAgra president and CEO Sean Connolly said, “The decision to separate into two pure-play companies reflects our ongoing commitment to implementing bold changes in order to deliver sustainable growth and enhanced shareholder value.” More