Lamb Weston, Eagle, Idaho, announced plans to acquire Ready Meals, an Australia-based frozen potato processor.
Ready Meals sells potato products under the Harvest Choice brand, and operates frozen potato processing and storage facilities in Melbourne.
The Ready Meals operations will add approximately 70 million pounds of production capacity to Lamb Weston’s existing global manufacturing network.
Upon completion of the transaction, Lamb Weston will own and operate 18 processing facilities worldwide, and an additional eight facilities in conjunction with its joint venture partners.
“The Ready Meals acquisition is the continuation of our strategic work to strengthen and expand our global capabilities,” says Tom Werner, chief executive officer of Lamb Weston.