Lamb Weston enters into an agreement to acquire Australian processor

Lamb Weston Holdings, Inc. is positioned to acquire Australian frozen potato processor Ready Meals Pty Ltd, which sells its products under the Harvest Choice brand and operates frozen potato processing and storage facilities in Hallam, Victoria. The acquisition will add about 70 million pounds of production capacity to Lamb Weston’s manufacturing network. The deal is expected to close as soon as practicable. No terms have been disclosed.