Lamb Weston to Close Netherlands Manufacturing Plant

Dow Jones06-04

By Colin Kellaher

Lamb Weston Holdings will close a production plant in the Netherlands as part of efforts by the french-fry maker to improve its operating efficiency and better align its global manufacturing footprint with demand.

Lamb Weston on Thursday said the closure of the plant in Broekhuizenvorst will affect about 100 employees and result in pretax charges of $80 million to $110 million, primarily related to the write-down of long-lived assets and inventory and to employee severance and termination benefits.

The Boise, Idaho, company, said it expects to recognize substantially all of the charges in its fiscal year ending May 30, 2027, adding that it estimates at least 20% of the charges will result in future cash expenditures.

Lamb Weston, which counts McDonald's as its largest customer, has been struggling with a global decline in restaurant traffic.

The company in April reported quarterly earnings that topped Wall Street's expectations, but its profit declined in the quarter due in part to lower-than-planned sales in its international segment.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

June 04, 2026 08:27 ET (12:27 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2640979157?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-04 20:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2640979157","market":"other","top_or_hot":-1,"title":"Lamb Weston to Close Netherlands Manufacturing Plant","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Colin Kellaher \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/LW\">Lamb Weston</a> Holdings will close a production plant in the Netherlands as part of efforts by the french-fry maker to improve its operating efficiency and better align its global manufacturing footprint with demand. \n</p>\n<p>\n  Lamb Weston on Thursday said the closure of the plant in Broekhuizenvorst will affect about 100 employees and result in pretax charges of $80 million to $110 million, primarily related to the write-down of long-lived assets and inventory and to employee severance and termination benefits. \n</p>\n<p>\n  The Boise, Idaho, company, said it expects to recognize substantially all of the charges in its fiscal year ending May 30, 2027, adding that it estimates at least 20% of the charges will result in future cash expenditures. \n</p>\n<p>\n  Lamb Weston, which counts McDonald's as its largest customer, has been struggling with a global decline in restaurant traffic. \n</p>\n<p>\n  The company in April reported quarterly earnings that topped Wall Street's expectations, but its profit declined in the quarter due in part to lower-than-planned sales in its international segment. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 08:27 ET (12:27 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lamb Weston to Close Netherlands Manufacturing Plant</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLamb Weston to Close Netherlands Manufacturing Plant\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-04 20:27</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Colin Kellaher \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/LW\">Lamb Weston</a> Holdings will close a production plant in the Netherlands as part of efforts by the french-fry maker to improve its operating efficiency and better align its global manufacturing footprint with demand. \n</p>\n<p>\n  Lamb Weston on Thursday said the closure of the plant in Broekhuizenvorst will affect about 100 employees and result in pretax charges of $80 million to $110 million, primarily related to the write-down of long-lived assets and inventory and to employee severance and termination benefits. \n</p>\n<p>\n  The Boise, Idaho, company, said it expects to recognize substantially all of the charges in its fiscal year ending May 30, 2027, adding that it estimates at least 20% of the charges will result in future cash expenditures. \n</p>\n<p>\n  Lamb Weston, which counts McDonald's as its largest customer, has been struggling with a global decline in restaurant traffic. \n</p>\n<p>\n  The company in April reported quarterly earnings that topped Wall Street's expectations, but its profit declined in the quarter due in part to lower-than-planned sales in its international segment. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 04, 2026 08:27 ET (12:27 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LW","symbol_name":"Lamb Weston Holdings, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640979157","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640979157","pubTimestamp":1780576020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lamb Weston Holdings will close a production plant in the Netherlands as part of efforts by the french-fry maker to improve its operating efficiency and better align its global manufacturing footprint with demand.Lamb Weston on Thursday said the closure of the plant in Broekhuizenvorst will affect about 100 employees and result in pretax charges of $80 million to $110 million, primarily related to the write-down of long-lived assets and inventory and to employee severance and termination benefits.The Boise, Idaho, company, said it expects to recognize substantially all of the charges in its fiscal year ending May 30, 2027, adding that it estimates at least 20% of the charges will result in future cash expenditures.Lamb Weston, which counts McDonald's as its largest customer, has been struggling with a global decline in restaurant traffic.The company in April reported quarterly earnings that topped Wall Street's expectations, but its profit declined in the quarter due in part to lower-t","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LW":"Lamb Weston Holdings, Inc.","BK4588":"碎股","BK4585":"ETF&股票定投概念","LU1878469433.USD":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","BK4212":"包装食品与肉类"},"translate_title":"兰姆韦斯顿将关闭荷兰制造工厂","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LW":0.9},"content_text":"By Colin Kellaher \n\n\n \n\n\nLamb Weston Holdings will close a production plant in the Netherlands as part of efforts by the french-fry maker to improve its operating efficiency and better align its global manufacturing footprint with demand. \n\n\n  Lamb Weston on Thursday said the closure of the plant in Broekhuizenvorst will affect about 100 employees and result in pretax charges of $80 million to $110 million, primarily related to the write-down of long-lived assets and inventory and to employee severance and termination benefits. \n\n\n  The Boise, Idaho, company, said it expects to recognize substantially all of the charges in its fiscal year ending May 30, 2027, adding that it estimates at least 20% of the charges will result in future cash expenditures. \n\n\n  Lamb Weston, which counts McDonald's as its largest customer, has been struggling with a global decline in restaurant traffic. \n\n\n  The company in April reported quarterly earnings that topped Wall Street's expectations, but its profit declined in the quarter due in part to lower-than-planned sales in its international segment. \n\n\n \n\n\n  Write to Colin Kellaher at colin.kellaher@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 04, 2026 08:27 ET (12:27 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2640979157","isCrawlerRequest":true}