This acquisition expands ConAgra Foods’ Lamb Weston operations in a market that has growing demand for frozen potato products.
Lamb Weston makes a variety of frozen potato, sweet potato and other vegetable products for restaurants, retailers and foodservice operators in more than 100 countries around the world.
The purchase price of $93m will not impact the company’s previously discussed debt reduction plans in fiscal 2015 and will further its growth internationally.
Source: ConAgra Foods
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