Lamb Weston Holdings, Inc., Eagle, Idaho, acquired Marvel Packers Pty Ltd., a frozen potato processor in Australia. Marvel operates frozen potato processing and storage facilities in Hallam, Victoria.
“Our purchase of Marvel is part of our strategy to strengthen our global capabilities and continue to drive growth both organically and through acquisitions,” says Tom Werner, president and CEO of Lamb Weston. “Marvel not only provides us with an opportunity to increase our position in Australia’s 1.1 billion-pound market with in-country production, [but] it also creates new avenues to serve our customers.”
The Marvel facility adds approximately 50 million pounds of production capacity to Lamb Weston’s existing global manufacturing network.