Lamb Weston Expands in Australia
Lamb Weston Holdings has acquired Marvel Packers, a frozen potato processor in Australia, for an undisclosed sum. 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 chief executive of Lamb Weston Holdings. “Marvel not only provides us with an opportunity to increase our position in Australia’s 1.1 billion pound market with in-country production, 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. Including the newly-acquired Hallam facility, Lamb Weston will own and operate 16 processing facilities worldwide, and an additional 9 facilities in conjunction with its joint venture partners.
