Lamb Weston completed the acquisition of the remaining 50% stake in Lamb-Weston/Meijer from Meijer Frozen Foods joint venture for €700m.

Lamb Weston, a supplier of frozen potato, sweet potato, appetizer and vegetable products, completed the acquisition of the remaining 50% stake in Lamb-Weston/Meijer joint venture, a producer of potato products, from Meijer Frozen Foods, a family-owned grocery chain, for €700m. “We’re proud of the business we’ve built together to create a market leader in Europe. We remain confident in the long-term outlook for Lamb Weston and the global frozen potato category. By holding an investment in common stock of Lamb Weston after the transaction closes, we sustain our strong belief in a bright future for the business," Kees Meijer, Meijer Frozen Foods CEO.