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Lamb Weston Holdings Announces Agreement To Acquire Remaining Interests In European Joint Venture Lamb-Weston/Meijer

Oct 20, 2022•over 2 years ago

Acquiring Company

Lamb Weston

Acquired Company

Interests

EagleManufacturingFood And Beverage

Description

Lamb Weston Holdings, Inc. (NYSE: LW) (“Lamb Weston” or the “Company”) announced today it has entered into an agreement (the “Purchase Agreement”) to purchase the remaining equity interests in its European joint venture with Meijer Frozen Foods B.V. for €700 million in cash and common stock of Lamb Weston.

Company Information

Company

Lamb Weston

Location

Eagle, Idaho, United States

About

Lamb Weston is a leading supplier of frozen potato products to restaurants and retailers around the world. For more than 70 years, Lamb Weston has led the industry in innovation, introducing inventive products that simplify back-of-house management for its customers and make things more delicious for their customers. From the fields where Lamb Weston potatoes are grown to proactive customer partnerships, Lamb Weston always strives for more and never settles. Because, when we look at a potato, we see possibilities.

DealWatch™ Score

82
High M&A Activity

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Integration timeline
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
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Companies increase IT spending by 23% on average after acquisitions
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