ConAgra Foods' European Partner Announces Agreement to Serve Russian Market Through Joint Venture
June 27 2016 - 11:03AM
Business Wire
A new joint venture with Russian Belaya Dacha,
once approved, will include a new manufacturing facility in Lipetsk
Russia that will support key customers
Lamb Weston / Meijer, a partnership between US-based ConAgra
Foods Lamb Weston and Netherlands-based Meijer Frozen Food,
announced today they’ve signed an agreement with Russian company
Belaya Dacha to establish a new joint venture partnership that will
serve the Russian market. The deal is subject to FAS (Federal
Anti-monopoly Service) approval.
At close, the collaboration will enable Lamb Weston / Meijer and
Belaya Dacha to combine their complementary knowledge and skills.
The partnership will benefit from Lamb Weston / Meijer’s in-depth
experience in potato growing and french fry production while
leveraging Belaya Dacha’s experience in the Russian quick service
market.
“Lamb Weston leverages its well-established dual sourcing model
to supply customers in North America and Europe,” said Greg
Schlafer, President, Lamb Weston. “This new partnership between
Lamb Weston / Meijer and Belaya Dacha will allow our partners at
Lamb Weston / Meijer to serve our customers expanding in the
growing Russian market.”
The newly created partnership will, at close, invest in a new
french fry manufacturing facility in Lipetsk, a special economic
zone situated 280 miles south of Moscow. Construction is planned to
begin mid-2016, with production starting in early 2018.
Worldwide demand for frozen french fries continues to increase,
and Euromonitor predicts that the frozen potato category will grow
2.6 billion pounds by 2020. Recently, Lamb Weston announced its
plans to expand operations in Richland, Wash., adding a new french
fry line to allow them to meet growing global demand. A frozen
potato industry leader, Lamb Weston operates, directly and with its
partners, 22 manufacturing facilities in North America, Europe and
China.
About ConAgra FoodsConAgra Foods, Inc., (NYSE: CAG), is
one of North America's leading packaged food companies with
recognized brands such as Marie Callender's®, Healthy Choice®,
Slim Jim®, Hebrew National®, Orville Redenbacher's®, Peter
Pan®, Reddi-wip®, PAM®, Snack Pack®, Banquet®, Chef Boyardee®, Egg
Beaters®, Hunt’s® and many other ConAgra Foods brands found in
grocery, convenience, mass merchandise and club stores. ConAgra
Foods also has a strong business-to-business presence,
supplying frozen potato and sweet potato products as well as other
vegetable, spice and grain products to a variety of well-known
restaurants, foodservice operators and commercial customers. For
more information, please visit us at www.conagrafoods.com.
About Lamb Weston / MeijerLamb Weston® is a world
leading brand in high quality potato products, and is sold in over
100 countries around the world. Lamb Weston / Meijer serves markets
in Europe, the Middle East, Africa (EMEA) and Brazil. The company
supplies frozen potato products like Twisters®, Potato Dippers and
Connoisseur Fries to customers in the Foodservice, Quick Service
and Retail segments. Lamb Weston / Meijer is also an ingredient
solutions provider for the food industry. For more than 20 years,
Lamb Weston / Meijer has led the industry in innovation, by
introducing inventive products that add convenience to the
operations of our customers and make eating more delicious for
their customers. From the fields where our potatoes are grown to
proactive customer partnerships, Lamb Weston / Meijer always raises
the bar. Lamb Weston / Meijer has its headquarters in Kruiningen -
The Netherlands. The company operates five factories: three in the
Netherlands, one in the United Kingdom and one in Austria. Lamb
Weston / Meijer employs 1,300 people in the EMEA region.
www.lambweston.eu
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version on businesswire.com: http://www.businesswire.com/news/home/20160627005966/en/
ConAgra Foods, Inc.Shelby Stoolman,
208-424-5461shelby.stoolman@conagrafoods.com
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