Lamb Weston: A Supplier of Frozen Potato, Sweet Potato, Appetizer and Vegetable Products

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The company I’m going to introduce is $Lamb Weston Holdings, Inc.(LW)$. It went public in 2016.

[Company Profile]

Lamb Weston Holdings, Inc. produces, distributes, and markets value-added frozen potato products worldwide. It operates through four segments: Global, Foodservice, Retail, and Other.

The company offers frozen potatoes, commercial ingredients, and appetizers under the Lamb Weston brand, as well as under various customer labels.

The company also offers its products under its owned or licensed brands, such as Grown in Idaho and Alexia, and other licensed brands, as well as under retailers' brands. In addition, it engages in the vegetable and dairy businesses.

The company serves retail and foodservice customers; and grocery, mass merchants, club, and specialty retailers; and businesses, educational institutions, independent restaurants, regional chain restaurants, and convenience stores.

[History & Events]

1950: The company was founded by Gilbert Lamb.

1960: Lamb created a potato "gun," the Lamb Water Gun Knife, invented and patented by Lamb.

1966: Lamb Weston acquired a potato processing plant in Quincy, Washington, and another potato processing plant in Connell, Washington, two years later.

1989: The company released its upscale line of premium potato products called LW Private Reserve®, recognized throughout the industry as the ultimate in potato quality.

1994: Lamb Weston purchased two plants in Holland and then formed a partnership with Meijer Frozen Foods, experts in potato research and European market distribution.

2004: The company releases its Lamb's Supreme® brand Yukon Gold potato products, ranging from wedges, twister fries and chef cut fries to hash browns and mashed potatoes.

2014: Lamb Weston acquires TaiMei Potato in Shangdu, Inner Mongolia, one of the largest potato growing regions in China.

2019: Lamb Weston forms a joint venture with Sociedad Comercial del Plato in Argentina.

[Main Business Segments]

[Net Income & Total Revenue]

[Competitors]

$Dole plc(DOLE)$
$Metcash Ltd.(MCSHF)$
$Hormel(HRL)$
Schreiber Foods
Mccain Foods USA

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