Lamb Weston

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From Wikipedia, the free encyclopedia

Lamb Weston Holdings, Inc.

Type	Public
Traded as	NYSE: LW S&P 500component
Industry	Food processing
Founded	1950; 73 years ago
Headquarters	Eagle, Idaho
Products	Packaged foods
Revenue	US$3,423.7 million (2018)
Operating income	US$580.1 million (2018)
Net income	US$433.7 million (2018)
Total assets	US$2,752.6 million (2018)
Total equity	US$−334.8 million (2018)
Number of employees	7,200 (2018)
Website	lambweston.com
Footnotes / references Data from 2018 annual report[1]

Lamb Weston Holdings, Inc.is an American food processing company that is one of the world's largest producers and processors of frozenfrench fries,waffle fries, and other frozen potato products.^[2][3][4]It is headquartered inEagle, Idaho, a suburb ofBoise.^[5]

History[edit]

The company was founded in 1950 by Gilbert Lamb.^[6]In 1988, it was acquired byConAgra Foods.^[7]In November 2016, ConAgra spun off the company to its shareholders.^[4]In October 2019, Lamb Weston formed the joint venture, Lamb Weston Alimentos Modernos S.A., withSociedad Comercial del Plata.^[8]