Lamb Weston Holdings, Inc. (NYSE: LW) announced today that its European joint venture, Lamb Weston / Meijer v.o.f., has completed its acquisition of the potato division of Oerlemans Foods. The acquisition includes a frozen potato processing facility in Broekhuizenvorst, Netherlands, and will add 185 million pounds of production capacity to Lamb Weston / Meijer’s existing network. On April 27, Lamb Weston Holdings announced in a press release that Lamb-Weston/Meijer v.o.f., has signed an agreement to acquire the potato division of Oerlemans Foods Nederland B.V. and that the deal is expected to be completed later this year.
At the time, Tom Werner, CEO, Lamb Weston said that “our partnership with Lamb-Weston/Meijer, together with our operations in North America, allow us to reach customers around the world from key locations in the United States and Europe. This strategic acquisition is consistent with our investments to strengthen our position in the global industry, and to better support the increasing demand for frozen potato products and growth ambitions of our customers in Europe and abroad.”
Upon completion of the acquisition, Lamb-Weston/Meijer now have four production sites in the Netherlands, as well as one in the United Kingdom and one in Austria.
Contacts:
Lamb Weston
Investor Relations:
Dexter Congbalay, 224-306-1535
dexter.congbalay@lambweston.com
or
Media:
Shelby Stoolman, 208-424-5461
shelby.stoolman@lambweston.com
