Lamb Weston Holdings, Inc.
Acquisitions
4
Major Deals Covered
This page covers 4 major deals from 2018 to 2023, each with its price where disclosed and the reason behind it.
| Company | Year | Price | Purpose |
|---|---|---|---|
| Marvel Packers | 2018 | Undisclosed | Bought an Australian frozen potato processor with processing and storage facilities in Hallam, Victoria, to serve customers in Oceania locally. Terms were not disclosed. |
| Lamb-Weston/Meijer (remaining 50%) | 2023 | Undisclosed | Bought out partner Meijer Frozen Foods' half of the European joint venture formed in 1994 for about $791 million (EUR 700 million). |
| Crackerjack Foods | 2023 | Undisclosed | Expand presence in the Australian market. |
| Lamb-Weston/Meijer (Remaining 50%) | 2023 | Undisclosed | Gained 100% ownership of European joint venture, adding 5 manufacturing facilities. |
2023
Bought out partner Meijer Frozen Foods' half of the European joint venture formed in 1994 for about $791 million (EUR 700 million).
Consolidated the European business onto Lamb Weston's income statement, a major driver of fiscal 2023-2024 sales growth.
Became the core of the International segment.
2023
Expand presence in the Australian market.
2023
Gained 100% ownership of European joint venture, adding 5 manufacturing facilities.
2018
Bought an Australian frozen potato processor with processing and storage facilities in Hallam, Victoria, to serve customers in Oceania locally. Terms were not disclosed.
Gave Lamb Weston a manufacturing base in Australia.
Integrated into the International segment.
Since late 2024 Lamb Weston has shifted from capacity expansion to efficiency. It completed major expansions in American Falls (Idaho), China, the Netherlands and Argentina, then slowed further capital projects, closed or curtailed older lines, and launched a cost-savings program. The 'Focus to Win' strategy prioritizes core customers and markets, commercial wins, and lower cost per pound.
Lamb Weston buys potatoes mostly under annual contracts with growers in the Columbia Basin, Idaho, Alberta, Europe, Argentina and China, then cuts, blanches, par-fries and freezes them in its own plants. It sells the finished fries, wedges, hash browns and specialty items through two reporting segments: North America (about two-thirds of sales) and International. Customers include global burger and chicken chains, foodservice distributors, and grocery and club retailers, where it sells branded products such as Grown in Idaho and Alexia plus private-label lines. Profit depends on plant utilization, raw potato cost, edible oil and energy prices, and the price/mix it can hold in customer contracts.
In 2023 it bought the remaining 50% of its European joint venture, Lamb-Weston/Meijer, from Meijer Frozen Foods for about $791 million (EUR 700 million), taking full control of its European operations.
Lamb-Weston/Meijer was formed in 1994 as a 50/50 venture in the Netherlands.
Yes. Lamb Weston announced the acquisition of Marvel Packers, a frozen potato processor in Hallam, Victoria, Australia, in December 2018. Terms were not disclosed.
To completely dominate global markets, they execute massive international buyouts. For decades, they operated a highly successful joint venture in Europe called "Lamb Weston/Meijer." In 2022, Lamb Weston ruthlessly executed a massive €700 million acquisition to buy out the remaining 50% stake from the Meijer family, giving them absolute, 100% total control over their massive European manufacturing footprint.
Compare corporate acquisition records, deal values, and strategic targets
Explore Lamb Weston
Core profile pages, founders and related research hubs for this company.