# Lamb Weston to acquire remaining 50% stake in Lamb-Weston/Meijer for €700M

Lamb Weston Holdings agreed to purchase the remaining equity interests in its European joint venture Lamb-Weston/Meijer from Meijer Frozen Foods B.V. for €700 million, consisting of €525 million in cash and €175 million in common stock. The transaction is expected to close in the second half of fiscal 2023.

- Type: Acquisition
- Announced: 2022-10-20
- Where: Netherlands
- Value: $700.0M (700.0M EUR)
- Status: announced
- Products: frozen potato products
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Lamb Weston / Meijer](https://endata.com/companies/19636.md) (target)
- [Lamb Weston Holdings Inc.](https://endata.com/companies/27906.md) (acquirer)
- [Meijer Frozen Foods](https://endata.com/companies/65981.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20221020005239/en/Lamb-Weston-Holdings-Announces-Agreement-to-Acquire-Remaining-Interests-in-European-Joint-Venture-Lamb-WestonMeijer), 2022-10-20: "The joint venture has served as a strong platform to drive growth in Europe and the Middle East, as well as to support our global customer base across our key international markets."
- [potatopro.com](https://www.potatopro.com/topics/mergers-and-acquisitions/northern-america?page=2), 2022-10-22: "Lamb Weston Holdings, Inc. (NYSE: LW) has announced it has entered into an agreement to purchase the remaining equity interests in its European joint venture Lamb Weston Meijer"
- [potatopro.com](https://www.potatopro.com/topics/mergers-and-acquisitions/americas?page=2), 2022-12-22: "Lamb Weston Holdings, Inc. (NYSE: LW) has announced it has entered into an agreement to purchase the remaining equity interests in its European joint venture Lamb Weston Meijer"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.