Lamb Weston Holdings, Inc. (NYSE: LW) announced today that its European joint venture, Lamb-Weston/Meijer v.o.f., has signed an agreement to acquire the potato division of Oerlemans Foods Nederland B.V. The acquisition includes a frozen potato processing facility in Broekhuizenvorst, Netherlands, and is expected to be completed later this year.
“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. Our partnership with Lamb-Weston/Meijer, together with our operations in North America, allows us to reach customers around the world from key locations in the United States and Europe, said Tom Werner, CEO, Lamb Weston. “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.”
Lamb-Weston/Meijer’s acquisition will add 185 million pounds of production capacity to its existing network, and will provide opportunities for further expansion. Upon completion of the acquisition, Lamb-Weston/Meijer will have four production sites in the Netherlands, as well as one in the United Kingdom and one in Austria.
