Lamb Weston’s portfolio will consist of frozen potato, sweet potato, appetizer and other vegetable products, as well as a continued presence in retail frozen products under licensed brands and private brands.
ConAgra Foods, Inc., Chicago, filed Form 10 Registration Statement with the U.S. Securities and Exchange Commission in connection with its planned separation into two independent public companies—Lamb Weston Holdings, Inc. and ConAgra Brands, Inc. The filing provides detailed information on Lamb Weston’s strategy, business and historical financial results and will be updated with additional information in subsequent amendments as part of the SEC review process.
“We believe that this separation will create two focused companies that are well-positioned to unlock unique growth opportunities to win in the marketplace and create value for stockholders,” says Sean Connolly, president and CEO of ConAgra. “We have made tremendous progress since last November when we announced our plan to separate, and the filing of the Form 10 marks an important milestone in this process. We remain on track to complete the separation by the fall of calendar 2016.”