Lamb Weston

Last updated
Lamb Weston Holdings, Inc.
Company type Public
Industry Food processing
Founded1950;75 years ago (1950)
Headquarters Eagle, Idaho, U.S.
ProductsPackaged foods
RevenueIncrease2.svg US$6.47 billion (2024)
Increase2.svgUS$1.07 billion (2024)
Decrease2.svgUS$726 million (2024)
Total assets Increase2.svgUS$7.37 billion (2024)
Total equity Increase2.svgUS$1.79 billion (2024)
Number of employees
10,700 (2024)
Website lambweston.com
Footnotes /references
Financials as of May 26,2024. [1]

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]

Contents

History

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 Australian food manufacturer, Crackerjack Foods. The company will join the Lamb Weston Oceania subsidiary. [11]

On 15 November 2024, a class action lawsuit was filed against Lamb Weston along with multiple other companies alleging that they are colluding together to all hike prices of potato products in a coordinated way. [12]

Subsidiaries

Lamb Weston Holdings has subsidiaries [13] in Europe, Asia and South America.

Companies

Processing plant Lamb Weston Meijer in Wisbech LambWeston fabrikas, Visbicas (WISBECH).JPG
Processing plant Lamb Weston Meijer in Wisbech

Processing plants

Lamb Weston
Lamb Weston/Meijer (1994-2022) [15]

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. [16]

Lamb Weston Alimentos Modernos S.A.

References

  1. ↑ "US SEC: Form 10-K Lamb Weston Holdings Inc". U.S. Securities and Exchange Commission. July 24, 2024. Retrieved July 24, 2024.
  2. ↑ 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. 1 2 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. ↑ "History, news & timeline | French fries innovation | Lamb WestonLamb Weston".
  8. ↑ Nunes, Keith (2015-11-18). "ConAgra Foods to spin off Lamb Weston business". www.foodbusinessnews.net. Retrieved 2022-01-14.
  9. ↑ "History of Lamb Weston, Inc. – FundingUniverse".
  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. ↑ "The Rise Of Big Potato". The Lever. 2025-01-02. Retrieved 2025-01-03.
  13. ↑ www.potatopro.com // Lamb Weston Holdings Inc
  14. ↑ www.potatopro.com // Lamb Weston - Shanghai
  15. 1 2 www.potatopro.com // Lamb Weston Meijer
  16. ↑ www.potatopro.com // Lamb Weston Holdings Agrees to Acquire Remaining Interest in European Joint Venture Lamb-Weston/Meijer


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.