DOCSLIB.ORG

Conagra Foods' European Partner Announces Agreement to Serve Russian Market Through Joint Venture

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Conagra Foods' European Partner Announces Agreement to Serve Russian Market Through Joint Venture Published on Lamb Weston Online Newsroom (https://news.lambweston.com) on 6/27/16 9:03 am MDT ConAgra Foods' European Partner Announces Agreement to Serve Russian Market Through Joint Venture Release Date: Monday, June 27, 2016 9:03 am MDT Terms: Company Release [1] Dateline City: EAGLE, Idaho A new joint venture with Russian Belaya Dacha, once approved, will include a new manufacturing facility in Lipetsk Russia that will support key customers EAGLE, Idaho--(BUSINESS WIRE [2])--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 [3]., 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 Foods ConAgra 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 [4]. About Lamb Weston / Meijer Lamb 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 [5] Language: English Contact: ConAgra Foods, Inc. Shelby Stoolman, 208-424-5461 [email protected] [6 ] T icker Slug: Ticker: CAG Exchange: NYSE Source URL: https://news.lambweston.com/press-release/company-release/conagra-foods-european-partner-announces-agreement-serve-russian Links: [1] http://news.lambweston.com/category/press-release-category/company-release [2] http://www.businesswire.com [3] http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Flwprodnastorage.blob.core.windows.net%2Fassets%2Fen- us%2Fcms%2Fabout%2Fpdf%2F2016-06- 08_LW%2520WA%2520Expansion.pdf&esheet=51370230&newsitemid=20160627005966&lan=en- US&anchor=announced+its+plans+to+expand+operations+in+Richland%2C+Wash&index=1&md5=84123293dca6c826065826d8e00c16eb [4] http://cts.businesswire.com/ct/CT? id=smartlink&url=http%3A%2F%2Fwww.conagrafoods.com&esheet=51370230&newsitemid=20160627005966&lan=en- US&anchor=www.conagrafoods.com&index=2&md5=666ab067498d2c79de6bcad3a2af873c [5] http://cts.businesswire.com/ct/CT? id=smartlink&url=http%3A%2F%2Fwww.lambweston.eu&esheet=51370230&newsitemid=20160627005966&lan=en- US&anchor=www.lambweston.eu&index=3&md5=05dcedd5e697c4a24d20203cc5602747 [6] mailto:[email protected].
Load more

Recommended publications
  • Leverage Our Buying Power with These Great Brands!
    Leverage our buying power with these great brands! Buyers Edge Platform has negotiated rebates with over 350 manufacturers on 165,000+ items & negotiated PLATFORM deviated pricing with manufacturers & cost-plus supplier contracts. Purchase from Manufacturers like these... Manufacturers like from Purchase Purchase from Manufacturers like these... ...and hundreds more. www.buyersedgeplatform.com | 307 Waverley Oaks Road, Suite 401, Waltham MA, 02452 | 617.275.8430 TOP MANUFACTURERS PLATFORM 3M Products Inc Niagara™ Scotch-Brite™ Scotchgard™ Aryzta LLC La Brea Bakery® La Francaise Bakery Otis Spunkmeyer® Pennant Campbell Foodservice Pepperidge Farm® Prego® Swanson® V8® Conagra Foodservice Angela Mia® Banquet Boom Chicka Pop Chef Boyardee® Gulden’s® Healthy Choice® Hebrew National® Hunt’s® Krusteaz® La Choy® Marie Callender’s Orville Redenbacher’s® Pam® Peter Pan Reddi-Wip® Slim Jim® Swiss Miss® Dart Container Corp Solo® General Mills Foodservice Betty Crocker® Bisquick® Cheerios® Chex Mix® Gold Medal® Nature Valley® Old El Paso® Pillsbury® Progresso® Yoplait Georgia Pacific Angel Soft Professional Brawny® Dixie® Series® Hormel Foods Corporation Applegate Naturals® Austin Blues® Dinty Moore® Fontanini Skippy® Spam Huhtamaki Americas Chinet® Keurig Dr Pepper 7-Up Big Red Canada Dry Clamato Crush Hawaiian Punch IBC Mott’s Mr & Mrs T’s ReaLemon Rose’s Schweppe’s Snapple Squirt Sunkist Yoo-Hoo Kraft Heinz Company Cheez Whiz Claussen Jell-O Jet Puffed Maxwell House Oscar Mayer Philadelphia Planters Shake ‘n Bake Velveeta McCormick & Company Old
    [Show full text]
  • Union Made Grocery List a Guide to Buying Union at the Grocery Store
    Union Made Grocery List A Guide To Buying Union At The Grocery Store Do you like supporting companies that produce products that are Union Made in the United States? That is a silly question of course you do! Since 2002 Ethix Merch has been committed to helping people like you make ethical pur- chasing decisions. In order to continue on our mission we created this handy little guide to help you at the grocery store. The Union Made Grocery List is filled with a variety of “grocery” products that are made by fellow union members including: Bakery, Confectionery, Tobacco Workers and Grain Millers (BCTGM), United Food and Commercial Workers (UFCW), Machinists (IAM), United Farm Workers (UFW) and Teamsters (IBT) Inside you will find union made options for some of your fa- vorite beverages, snacks and other foods that you probably already buy on a regular basis. By the way if you haven’t already done so please download our Practical Guide to Better Cooking, Tips For The Culinary Impaired. This guide is packed full of useful cooking tips & advice created to make anybody a culinary rock star if only in their own kitchen. In Solidarity, Kevin O’Brien Munchos Potato Crisps Canned Foods Nabisco Nilla Wafers NutriGrain Bars Chef Boyardee Nutter Butter Del Monte Old El Paso Chips, Dips & Salsa Dinty Moore Oreos Green Giant Orville Redenbacher Popcorn Hanover Pinwheels Hormel Premium Crackers Libby’s Quaker Oats Granola Bars Quaker Snack Mix Rice Krispies Treats Healthy Brands Ritz Crackers Rold Gold Pretzels Andy Boy Royal Brand Pudding & Gelatin Andy Boy Vegetables Ruffles Bicks Slim Jim Blue Diamond Almonds, Snacks Smartfood Popcorn California Mushroom Farm Inc Snackwells EuroFresh Farms Vegetables Act II Popcorn Snyders of Berlin Cortland Valley Bagel Bites Stacy's Pita Chips EBRO Bakenets Sun Chips Eurofresh Barnum Animal Crackers Tastykake Flanagan Better Cheddars Teddy Grahams Fresh Express Salads Bugles.
    [Show full text]
  • Corned Beef Brisket Brisket Or Save $3.30Lb
    ® All Stores Open 7:00am - 8pm, Monday - Sunday (Senior Hours 6:00AM) Point Cut Flat Cut Corned Beef Corned Beef Brisket Brisket or Save $3.30lb. Save $4.00lb. Red 69 Cure 99 1 lb. •Cryovac 2 lb. Flat Cut Corned Beef Brisket Save $3.50lb. 99 3 lb. POULTRY SEAFOOD Fresh ® ® Chicken Ocean Fresh Small Skinless Jumbo Extra Large Tenders Wild • All Natural Haddock Fillets Cooked Shrimp Shell-On Shrimp ® Kelchner Save $1.00lb. Save $1.00 Cocktail 99 Save $1.00 Save 90¢lb. Sauce 8 oz. 1 26/30 ct. 26/30 ct. per pound per pound 32 oz. 32 oz. BAG BAG ANY SIZE 99 99 $17.89 99 $13.89 99 PKG. ANTIBIOTIC FREE 2 lb. 5 lb. FROZEN8 16 oz. FROZEN 616 oz. DELICATESSEN ® Virginia or Provolone Deep Dish Pizza Honey Ham BELGIOIOSO® Cheese Save $1.00lb. Save $1.90 Save $1.00lb. •Cheese Sliced •Pepperoni As •Supreme 99 Desired 99 •Sausage $ 3 lb. 4 lb. 23-26 oz. 2 for12 Imported PRODUCE Jumbo Honeydew Caesar Imported Salad Cantaloupes Melons Kits Save $1.00 Save $1.00 4 Save $1.98 99 Varieties $ 99 2 ea. 9.8 10.5 oz. 2 for4 2 ea. GROCERY 28 Poland Peet’s PACK Coffee Rye Spring Water Breads Save $1.00 Save $2.00 24 Save $2.98 Varieties 6 Varieties 99 99 $ 24 +4 FREE 16.9 oz. 10-12 oz. 6 16 oz. 2for5 2 CHEESE ® Tostitos Fresh Pasta Sliced Scoops! Sale Mozzarella Save $2.00 Save 21¢ Save 50¢ •Elbows $ •Thin Spaghetti ¢ 99 •Long Spaghetti 9-13 oz.
    [Show full text]
  • See the Ralcorp & Conagra Foods News Release of January 29
    Ralcorp Holdings: Investor Relations - Press Release Page 1 of 2 http://denvertax.com/altria-kraft-philip-morris-basis Press Releases ConAgra Foods Completes Acquisition of Ralcorp Receive E-mail Alerts (/Investor Relations/Email Alerts/) 01/29/2013 OMAHA, Neb. & ST. LOUIS--(BUSINESS WIRE)--Jan. 29, 2013-- ConAgra Foods, Inc. (NYSE: CAG) today announced the successful completion of its acquisition of Ralcorp Holdings, Inc. (NYSE: RAH). ConAgra Foods agreed to acquire Ralcorp on November 26, 2012, for $90.00 in cash per share of Ralcorp common stock. The closing of the transaction follows the approval of the acquisition by Ralcorp’s shareholders on January 29, and the receipt of all required regulatory approvals. With 36,000 employees and sales of approximately $18 billion annually, the combined company is one of the largest packaged food companies in North America. The transaction also positions ConAgra Foods as the largest private brand packaged food business in North America, with approximately $4.5 billion in combined annual private brand sales. Gary Rodkin, chief executive officer of ConAgra Foods said, “We are excited to have closed the transaction and welcome our talented new team members from Ralcorp to the ConAgra Foods family. We are now in a position to begin the most substantial aspects of integration planning and look forward to learning from and working with our new colleagues. This important acquisition reinforces and accelerates our ‘Recipe for Growth’ strategy, which also includes growth in our core business and adjacencies, and expansion internationally.” With the addition of Ralcorp’s leading position as a supplier of private brand packaged food in North America, ConAgra Foods has a well-balanced portfolio of consumer branded, private brand, commercial and foodservice offerings, with consumer brands continuing to be the largest part of the company’s portfolio.
    [Show full text]
  • INDUSTRY NOTIFICATION June 9, 2017
    INDUSTRY NOTIFICATION June 9, 2017 NEW CLIENTS Previous Address: New Address Effective: 5/27/17 Conagra Brands, Inc. Conagra Brands, Inc. NCH Inmar Dept. #27000 #717 One Fawcett Drive P.O. Box 880001 Del Rio, TX 78840 El Paso, TX 88588 GS1 CompAny Prefix UPC CompAny Prefix BrAnd/Products Family Codes 0014900 014900 Libby's/Wolf 000-999 0017873 017873 Blake's 000-999 0021131 021131 Marie Callender's 000-999 0024812 024812 IHOP/WiCked Kitchen 000-999 0026200 026200 Andy Capp/DAVID/Penrose/SliM JiM 000-999 Angela Mia/Hunt’s/ManwiCh/Orville 0027000 027000 RedenbaCher's/SnaCk PaCk/Wesson 000-999 0031000 031000 Banquet/Bertolli/P.F. Chang’s/Kid Cuisine 000-999 0034183 034183 AleXia 000-999 0044300 044300 Gebhardt/La Choy/Rosarita 000-999 0045300 045300 Peter Pan 000-999 0046900 046900 RanCh/Van CaMp's 000-999 AleXia/Banquet/Butterball/Healthy 0050100 050100 ChoiCe/Marie Callender’s 000-999 Chef Boyardee/CrunCh ‘n MunCh/Dennison's/Gulden’s/Jiffy 0064144 064144 Pop/PaM/Ro*Tel 000-999 0070271 070271 HK Anderson 000-999 Blue Bonnet/Egg 0070272 070272 Beaters/FleisChMann’s/Parkay/Reddi-wip 000-999 0070920 070920 Swiss Miss 000-999 0072274 072274 Orville RedenbaCher’s/Vogel 000-999 0072290 072290 Odom's Tennessee Pride 000-999 0072655 072655 Healthy ChoiCe /Swiss Miss 000-999 0072895 072895 Odom's Tennessee Pride 000-999 0074956 074956 Hebrew National 000-999 0076150 076150 ACT II//Vogel 000-999 0604183 604183 Frontera/SalpiCa 000-999 0612781 612781 Marie Callender's 000-999 0754918 754918 Fiddle Faddle/PoppyCoCk 000-999 0769950 769950 ClaiM JuMper 000-999 0889379 889379 Red Fork 000-999 Previous Address: New Address Effective: 6/10/17 BiosafE TEchnologiEs, Inc.
    [Show full text]
  • Module: Introduction
    CDP 2016 Climate Change 2016 Information Request CDP ConAgra Foods, Inc. Module: Introduction Page: Introduction CC0.1 Introduction Please give a general description and introduction to your organization. ConAgra 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. At ConAgra Foods, our corporate citizenship program is a natural extension of our purpose and operating principles. We have identified three strategic pillars that reflect and articulate our values as a responsible corporate citizen: Good Food, Stronger Communities and Better Planet. Within each of these three pillars, we focus on issues that are most material to our business and stakeholders and most meaningful to our role in the industry, the marketplace and our environment. We must continue to find ways to enhance sustainable business practices and develop innovative programs that deliver on our ambition of being a leading corporate citizen. Within the Better Planet pillar, our commitment to protecting the environment is deeply rooted in our company values and comes alive through collaboration and imagination.
    [Show full text]
  • Conagra Foods Citizenship Report 2016 Table of Contents
    ConAgra Foods Citizenship Report 2016 Table of Contents Overview & Approach Better Planet Good Food Stronger Communities About This Report Leadership Perspective 2020 Sustainability Vision Food Safety & Quality Business Ethics & Reporting Parameters 90 Human Rights ConAgra Foods Locations 91 Letter from CEO 4 Focusing on Management Approach 36 What Matters Most 11 Management Approach 65 Key Impacts, Risks & Audit & Certification Opportunities 92 Our Approach to Environmental Programs 39 Code of Conduct 66 Management 13 Data Summary 94 Citizenship Home Food Safety 40 GRI Content Index 98 Governance 5 Culture & Workplace Climate Change & Our Citizenship Philosophy Energy Efficiency Nutrition Management Approach 68 and Focus Areas 5 Employee Management Approach 14 Management Approach 41 Materiality 6 Health & Safety 69 Scope 1 & 2 Portion & Calorie Control 43 Stakeholder Engagement 8 Employee Wellness 72 GHG Emissions 17 Dietary Variety 44 Our Value Chain 9 Diversity & Inclusion 73 Scope 3 GHG Emissions 18 Heart Health 48 Learning & Development 76 Sustainable Transportation 19 Communication Through Energy Labeling & Outreach Community Impacts Use & Efficiency 21 & Philanthropy Nutrition Labeling 49 Impacting Hunger 77 Genetic Modification 50 Water Resources Partnerships 79 Allergen Labeling 51 Management Approach 22 Volunteerism 83 Interacting with the Water Use 24 Nutrition Community 52 Omaha Initiatives 86 Water Risk 25 Advertising to Children 53 Eliminating Waste Responsible Sourcing Management Approach 27 Management Approach 54 Zero Waste to Animal Welfare 55 Landfill Journey 28 Local Sourcing 56 Eliminating Food Waste 30 Sustainable Palm Oil 58 Packaging Sustainability 32 Sustainable Agriculture 59 TABLE OF CONTENTS 2 Overview & Approach It’s been a very transformative year for Good Food ConAgra Foods as we continue on our We are a food company at our core and food safety and quality is the single most journey to become a higher performing, important issue to our industry.
    [Show full text]
  • Product Categorization by Company
    Product Categorization by Company Campbell Soup Category #1 Category #2 Category #3 V8 Fusion Light Pace P Farm Cakes Swanson Broths Base Goldfish P Farm Cookies R&W Healthy Request Soups V8 Fusion P Farm Highly Flavored Goldfish R&W Base Soups (Chicken Noodle) P Farm 15 Grain Bread R&W Cream Soups (higher calorie) Campbell's Tomato Juice Chunky Soups Base V8 Spaghettios Campbell's Red & White P Farm White Breads Campbell's Select Healthier Version P Farm Desserts Tomato Juice V8 Splash Prego Coca-Cola Category #1 Category #2 Category #3 Diet Coke Vitaminwater Coke Coca-Cola Zero Odwalla Sprite Dasani Honest Tea All Other Regular CSDs Dannon Water PowerAde Smart Water Nestea Glaceau Essence Water Hi C Sprite Zero Mihute Maid All Diet CSDs Simply Brand Powerade Ion Zero ConAgra Category #1 Category #2 Category #3 Egg Beaters Healthy Choice Banquet Pam Low Fat Cold Cuts Marie Calendars Swiss Miss Sugar Free Guldens Chef Boyardee Move Over Butter Rosarita Peppers Hebrew National Hunt's Ketchup Kid's Cuisine LaChoy Act II Orville Reddenbacher Fleishmann's Blue Bonnet Peter Pan All Other Hunts Swiss Miss Danone Category #1 Category #2 Category #3 Evian Danimals Dannon Frusion Dannon Light & Fit Dan Active Full Fat Stonyfield Dannon Water Dannon Fruit on Bottm Activia Healthier Varieties of Stonyfield Dr. Pepper Snapple Category #1 Category #2 Category #3 Diet Dr. Pepper Mr. & Mrs. T Dr. Pepper Diet Seven Up Clamato Canada Dry Diet A&W 7-Up All Other Diet CSDs All Other Regular CSDs Snapple Diet Snapple Mott's General Mills Category #1 Category
    [Show full text]
  • Palm Oil Shopping Guide: Current Best Choices
    FOOD Brand Names of FOOD Brand Names of FOOD Brand Names of FOOD Brand Names of FOOD Brand Names of Make a Difference RSPO Members RSPO Members RSPO Members RSPO Members RSPO Members for Wild 3 Musketeers Cinnamon Toast Crunch Honey Maid Grahams Mothers Cookies Splenda Orangutans Act II Coffee Mate Hot Pockets Mountain High Yogurt Starburst Adam's PB Country Crock Hungry Jack Muffin Mam Pastries Stouffers Almond Joy Country Time Hunt's Muir Glen Trident Gum BOYCOTTING PALM Altoids Crisco International Delight Nabisco Sun Chips OIL IS NOT THE Arnott's Biscuits Crunch and Munch Jenny Craig Meals Nature Valley SuperMoist Cake Mixes SOLUTION… Aunt Jemima Foods Dean's Dips Jeno's Pizza Near East Sweet Rewards Bars Austin Brand Crackers Doritos Jif PB Nerds Sweet Tarts Supporting Baby Ruth Dove Chocolates Jiffy Pop Nesquik Swiss Miss companies that are Bac Os Dreyer's Jolly Ranchers Nestle Products Tombstone Pizza members of the Baker's Chocolate Edy's Justin's NutButter Nutter Butter Cookies Tostitos RSPO (Roundtable on Balance Bars Egg Beaters Justin's PB Cups Old El Paso Total Cereal Sustainable Palm Oil) Banquet Meals Endangered Species Choc. Keebler Cookies Oreo Cookies Totino's Pizza is the most Barilla Famous Amos Cookies Keebler Crackers Orville Redenbacher's Trix Cereal responsible solution. BelVita Fiber One Products Kellogg's Products Pam Tuna Helper Ben & Jerry's Ice Cream Fleischmann's Kid Cuisine Parent's Choice Twix Bertolli Frito Lay Kit Kat Parkay Twizzlers For more information Betty Crocker products Folgers Kix Cereal Pasta
    [Show full text]
  • Profile: Conagra
    profile: ConAgra ConAgra is a company few Americans have heard of, but it is a major force in food production in the US and a $20 billion dollar corporation. • First, and most notably, it is estimated to be the #3 seller of retail food products in the world (after Altria/Kraft and Nestle). Its brands are many, going from Armour to Wesson, a portfolio of brands it has collected over the past 20 years. It products are leaders in a number of categories. • It is the largest supplier to food services and restaurants. • The company is one of the top three buyers and processors of grain products (corn, wheat, etc.) and handles a significant portion of US grain exports. • It is a leader in producing cattle and hog feed. • Until 2000, when it spun off Swift & Co. to an investor group, it was one of the top three slaughterers of cattle and hog. It still has a 48% stake in that company. It is also a major client, buying meat for processing. • It remains one of the top three poultry processing companies. • It is a major supplier of flavoring (especially garlic) to the food industry. • It is one of the top world traders in agricultural products. • It has a considerable business in selling seeds, fertilizer, and agricultural chemicals around the world. The company is just starting to expand its operation worldwide. Along with a few other companies (Cargill, Archer Daniels Midland, Farmland) it forms an oligopsony toward many American farmers, so these companies are able to dictate prices and conditions to individual farmers.
    [Show full text]
  • Conagra Foods Lamb Weston Announces Plans to Expand Operations in Richland, Wash
    Published on Lamb Weston Online Newsroom (https://news.lambweston.com) on 6/8/16 10:04 am MDT ConAgra Foods Lamb Weston Announces Plans to Expand Operations in Richland, Wash. Release Date: Wednesday, June 8, 2016 10:04 am MDT Terms: Company Release [1] Dateline City: EAGLE, Idaho Construction on a new french fry line will begin immediately, allowing the company to keep up with global demand EAGLE, Idaho--(BUSINESS WIRE [2])--ConAgra Foods, Inc. (NYSE: CAG) announced today that its Lamb Weston business will expand operations at its facility in Richland, Wash., with the addition of a new french fry processing line. The more than $200 million investment is expected to add 128 full time positions. 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. This capacity expansion will allow Lamb Weston to continue its global growth. Construction on the state-of-the-art processing line is expected to begin immediately, with completion in the fall of 2017. Once complete, the added line is expected to increase annual processing capacity by more than 300 million pounds. “We have a tremendous opportunity to help our customers realize their global growth projections, but we need to make more french fries to do that,” said Greg Schlafer, President, Lamb Weston. “Investing in capabilities like this is indicative of the opportunity we see in potatoes, and our specific opportunity at Lamb Weston to lead the category.” He added, “We’re proud to be a part of the community in the Tri Cities, and expanding in Richland is a natural extension of our existing presence here.
    [Show full text]
  • Conagra Brands Annual Report 2019
    Conagra Brands Annual Report 2019 Conagra Brands, Inc., Annual Report 2019 Inc., Brands, Conagra 222 Merchandise Mart Plaza Suite 1300 Chicago, IL 60654 ©Conagra Brands, Inc. All rights reserved. 66397_AR2019_Cover.indd 1 7/23/19 11:31 AM DEARDEAR FELLOWFELLOW SHARSHAREHOEHOLDERSLDERS BOARDBOARD OFOF DIRECTORSDIRECTORS LEADERSHIPLEADERSHIP InIn eacheach ofof thethe lastlast fourfour years,years, mymy letterletter toto youyou hashas focusedfocused ofof netnet salessales growth.growth. OurOur fiscalfiscal 20192019 grossgross profitprofit increasedincreased AnilAnil AroraArora RichardRichard H.H. LennyLenny SeanSean ConnollyConnolly onon aa commoncommon theme:theme: thethe incredibleincredible transformationtransformation 12.8%,12.8%, againagain drivendriven byby thethe PinnaclePinnacle acquisition.acquisition. AdjustedAdjusted DirectorDirector andand FormerFormer ViceVice ChairmanChairman ofof FormerFormer ChairmanChairman andand ChiefChief ExecutiveExecutive ChiefChief ExecutiveExecutive OfficerOfficer underunder wayway herehere atat ConagraConagra Brands.Brands. ThisThis year’syear’s letterletter grossgross profitprofit increasedincreased 15.5%.15.5%.22 TheThe impactimpact ofof ourour financingfinancing Envestnet,Envestnet, Inc.;Inc.; FormerFormer ChiefChief ExecutiveExecutive OfficerOfficer ofof TheThe HersheyHershey CompanyCompany andand PresidentPresident willwill notnot breakbreak fromfrom thatthat tradition.tradition. DuringDuring fiscalfiscal 2019,2019, wewe forfor thethe PinnaclePinnacle acquisitionacquisition ledled toto aa 21.5%21.5%
    [Show full text]