About the Company
Lamb Weston Holdings, Inc. is a multinational food processing company headquartered in Eagle, Idaho, United States. The company is one of the world’s largest processors and producers of frozen potato products. The company is also involved in various restaurant franchises. It was established in the year 1950 by Gilbert Lamb. Its shares started trading on the New York Stock Exchange (NYSE) on November 10th 2016. The shares trade under the ticker symbol of LW. Lamb Weston Holdings Inc. shares are also included as a component of the S&P 500 stock market index. It became a part of the S&P index on December 3rd, 2018.
As of 2021, Lamb Weston is a leading supplier of frozen sweet potato, potato, appetizer and other vegetable products. Its clientele comprises retailers and restaurants around the world. Alongside its operations in the United States, Lamb Weston Holdings, Inc. also has a global presence in more than 100 countries, including Canada, China, Japan, Netherlands, United Arab Emirates, United Kingdom, and Austria. It also operates internationally through its corporate offices in Netherlands and United Arab Emirates. LW operates in Europe through a joint venture named Lamb-Weston/Meijer.
In 2017, Lamb-Weston/Meijer acquired the potato division of Oerlemans Foods. This acquisition also included a processing facility in Broekhuizenvorst, Netherlands, increasing the production capacity significantly. The company’s manufacturing operations are focused in Pacific Northwest, United States. It also has several manufacturing plants in three countries, namely Austria, the United Kingdom and the Netherlands. Lamb Weston’s product portfolio comprises fries, sweet potato fries, potato products as well as appetizers. The company has a total workforce of 7,000 employees worldwide in its sales offices, corporate offices and manufacturing plants.
In 2019, Lamb Weston acquired Ready Meals, an Australian company that processed frozen potatoes, for an undisclosed amount. In 2020, it strengthened its position in Russia’s processed potato market by acquiring a majority share in its joint venture with the Belaya Dacha Group. As of 2021, the company ranked 1926th on Forbes’ list of Global 2000 2020 companies.;
|Lamb Weston Holdings Inc