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Lamb Weston Signs Agreement to Acquire Australian Frozen Potato Processor Ready Meals Pty Ltd

Lamb Weston Signs Agreement to Acquire Australian Frozen Potato Processor Ready Meals Pty Ltd

Lamb Weston has entered into an agreement to purchase Ready Meals Pty Ltd, a frozen potato processor in Australia. (Courtesy: Rawpixel | Pixabay)

June 24, 2019
Lamb Weston Holdings, Inc. announced that it has entered into an agreement to acquire Ready Meals Pty Ltd (Ready Meals), a frozen potato processor in Australia. Terms were not disclosed.

Ready Meals sells frozen potato products under the Harvest Choice brand and operates frozen potato processing and storage facilities in Hallam, Victoria.

Tom Werner, Lamb Weston President and CEO:

“The Ready Meals acquisition is the continuation of our strategic work to strengthen and expand our global capabilities”

“The acquisition complements our presence in Australia, providing us additional avenues to increase our position in Australia’s 1.1 billion pound market.”
The Ready Meals facility adds approximately 70 million pounds of production capacity to Lamb Weston’s existing global manufacturing network.

Upon completion of the transaction, Lamb Weston will own and operate 18 processing facilities worldwide, and an additional 8 facilities in conjunction with its joint venture partners.

The closing of the transaction is subject to customary closing conditions and is expected to be completed as soon as practicable.
Companies in this Article
Lamb Weston Holdings Inc (NYSE:LW) is the largest potato company in North America with annual sales of approximately $2 billion. Lamb Weston manufactures french fries, potato specialties and dehydrated potato products.
Supplier of Quality Frozen Foods.