Lamb Weston Holdings, Inc. announced that it has entered into an agreement to acquire Ready Meals Pty Ltd, a frozen potato processor in Australia and the associated Harvest Choice business. Terms of the deal were not disclosed.
Lamb Weston, along with its joint venture partners, is a leading supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the world. The Ready Meals facility in Victoria will add approximately 70 million pounds of production capacity to Lamb Weston’s existing global manufacturing network.
The Pinsent Masons’ team acting on the transaction includes partner Ewan Robertson and associate Lucy Carter, with partner Katie Williams and lawyer Patrick Williams acting on the employment aspects of the deal. This is the second significant acquisition in Australia on which Pinsent Masons has advised Lamb Weston in the last 6 months.