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Lamb Weston

Summary

Lamb Weston Holdings, Inc., is an American food processing company that is one of the world's largest producers and processors of frozen french fries, waffle fries, and other frozen potato products.[2][3][4] It is headquartered in Eagle, Idaho, a suburb of Boise.[5]

Lamb Weston Holdings, Inc.
Company typePublic
NYSE: LW
S&P 500 component
IndustryFood processing
Founded1950; 74 years ago (1950)
HeadquartersEagle, Idaho
ProductsPackaged foods
RevenueIncrease US$3,423.7 million (2018)
Increase US$580.1 million (2018)
Increase US$433.7 million (2018)
Total assetsIncrease US$2,752.6 million (2018)
Total equityIncrease US$−334.8 million (2018)
Number of employees
Increase 7,200 (2018)
Websitelambweston.com
Footnotes / references
Data from 2018 annual report[1]

History edit

The company was founded in 1950 by Gilbert Lamb[6] in a former co-op plant in Weston, Oregon.[7] In 1988, it was acquired by ConAgra Foods[8] and moved corporate offices from Tigard, Oregon, to Kennewick, Washington.[9] In November 2016, ConAgra spun off the company to its shareholders.[4] In October 2019, Lamb Weston formed the joint venture, Lamb Weston Alimentos Modernos S.A., with Sociedad Comercial del Plata.[10]

In September 2023, it was announced Lamb Weston had acquired the Campbellfield, Victoria-headquartered food manufacturer, Crackerjack Foods. The company will join the Lamb Weston Oceania subsidiary.[11]

Subsidiaries edit

Lamb Weston Holdings has subsidiaries[12] in Europe, Asia and South America.

Companies edit

 
Processing plant Lamb Weston Meijer in Wisbech
  • China - Lamb Weston - Shanghai,[13] two processing plants
  • China - TaiMei Potato Industry
  • Europe - Lamb Weston / Meijer: the former joint venture is now fully owned by Lamb Weston. [14] six processing plants in the Netherlands, United Kingdom and Austria
  • United States - Alexia Foods
  • Canada - Lamb Weston Canada ULC
  • Chile - Unisur Alimentos Ltda
  • Argentina - Lamb Weston Alimentos Modernos S.A.

Processing plants edit

Lamb Weston
  • American Falls (Idaho)
  • Boardman East (Oregon)
  • Boardman West (Oregon)
  • Connell (Washington)
  • Delhi (Louisiana)
  • Hallam (Australia)
  • Hermiston (Oregon)
  • Pasco (Washington)
  • Paterson (Washington)
  • Lamb Weston RDO Frozen - Park Rapids (Minnesota)
  • Quincy (Washington)
  • Richland (Washington)
  • Shangdu (China)
  • Taber (Canada)
  • Twin Falls (Idaho)
  • Warden (Washington)
Lamb Weston/Meijer (1994-2022)[14]
  • Bergen op Zoom (the Netherlands)
  • Frisch & Frost, Hollabrunn (Austria)
  • Kruiningen (the Netherlands)
  • Broekhuizenvorst (the Netherlands)
  • Lipetsk (Russia)
  • Oosterbierum (the Netherlands)
  • Wisbech (the United Kingdom)

In 2022 Lamb Weston / Meijer sold its Russian plant to local shareholders and later Meijer Beheer B.V. sold his share of ownership to Lamb Weston Holdings Inc.[15]

Lamb Weston Alimentos Modernos S.A.
  • Munro (Argentina)

References edit

  1. ^ "US SEC: Form 10-K Lamb Weston Holdings Inc". U.S. Securities and Exchange Commission. Retrieved October 30, 2018.
  2. ^ Aroostook County Transportation Study, Aroostook County: Environmental Impact Statement. Aroostook County Transportation Study, Aroostook County: Environmental Impact Statement. Federal Highway Administration. 2009. pp. 3–48. Retrieved November 3, 2018.
  3. ^ Schlosser, E. (2001). Fast Food Nation: The Dark Side of the All-American Meal. Edition 001 Series. Houghton Mifflin. pp. 116-117. ISBN 978-0-395-97789-7. Retrieved November 3, 2018.
  4. ^ a b Duprey, Rich (October 21, 2018). "Can Lamb Weston Stock Keep Beating the Market?". The Motley Fool. Retrieved November 3, 2018.
  5. ^ Culverwell, Wendy (July 19, 2018). "Here's why Lamb Weston's news is good for the Mid-Columbia". Tri-City Herald. Retrieved November 3, 2018.
  6. ^ Company factsheet. Lambweston.com.
  7. ^ https://www.lambweston.com/about/lamb-weston-story/timeline.html
  8. ^ Nunes, Keith (2015-11-18). "ConAgra Foods to spin off Lamb Weston business". www.foodbusinessnews.net. Retrieved 2022-01-14.
  9. ^ http://www.fundinguniverse.com/company-histories/lamb-weston-inc-history/
  10. ^ "Lamb Weston Forms New Joint Venture in Argentina to Serve South American Market". Lamb Weston. October 15, 2019.
  11. ^ "Lamb Weston Oceania Acquired Crackerjack Foods". Potato Business. 2023-09-18. Retrieved 2023-09-19.
  12. ^ www.potatopro.com // Lamb Weston Holdings Inc
  13. ^ www.potatopro.com // Lamb Weston - Shanghai
  14. ^ a b www.potatopro.com // Lamb Weston Meijer
  15. ^ www.potatopro.com // Lamb Weston Holdings Agrees to Acquire Remaining Interest in European Joint Venture Lamb-Weston/Meijer

External links edit

  • Official website
  • Business data for Lamb Weston Holdings:
    • Bloomberg
    • Google
    • Reuters
    • SEC filings
    • Yahoo!