US potato company ConAgra Foods Lamb Weston has entered into a joint venture with Ochoa Foods.
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The company said yesterday (6 August) that it has entered into a 50/50 joint venture with the Boise-based, privately-owned potato processing company to operate Ochoa Foods’ plant in Warden, Washington.
The venture will be named Lamb Weston / BSW, and its purpose will be to develop, process and sell frozen potato products. Financial terms of the joint venture were not disclosed.
“This is an exciting new opportunity for Lamb Weston, and a true win-win for both Ochoa Foods and Lamb Weston,” said Jeff DeLapp, president, ConAgra Foods Lamb Weston. “Combining Ochoa’s entrepreneurial spirit and experience with Lamb Weston’s operating reach should drive improved earnings potential for both companies.”
The Warden processing plant processes around 300,000 tons of potatoes annually. The 140,000-sq ft. facility is located on a 17-acre site in Washington’s Columbia Basin.
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By GlobalData“This new partnership with Lamb Weston is a major milestone for Ochoa Foods,” said Howard Bafford, chief operating officer, Ochoa Foods. “We look forward to combining this effort with the resources of ConAgra Foods Lamb Weston in this new joint venture.”
ConAgra Foods Lamb Weston is a brand of ConAgra Foods whose portfolio includes Banquet, Chef Boyardee, Egg Beaters and Healthy Choice.
