Lamb Weston acquired remaining shares in Lamb Weston Alimentos Modernos S.A. (Argentina)

Lamb Weston International completed the full acquisition of Lamb Weston Alimentos Modernos S.A. in Argentina, ensuring operational continuity and seeking growth opportunities in the region. 

While the U.S.-based company announced the closure of one of its plants in Connell, Washington, it also revealed the purchase of the remaining 10% stake from Sociedad Comercial del Plata (SCP) in Lamb Weston Alimentos Modernos S.A. 

The company had acquired a 50% stake in 2019, increased it to 90% in 2022, and now has become the full owner of the company. This transaction marks a significant step in strengthening Lamb Weston’s presence in Argentina, reinforcing its commitment and responsibility to the food and agricultural industry in the region. 

Following this transaction, Lamb Weston Alimentos Modernos S.A. will continue operating as usual, and all current contracts and obligations with partners, clients, suppliers, and employees will remain fully intact. This ensures that all business relationships will continue without operational disruptions. 

The company views this acquisition as a strategic advantage that will improve operational efficiency and foster growth opportunities in Argentina and the Latin American market. Lamb Weston appreciates SCP’s contribution to the company’s development over the past few years.

Marc Schroeder, President of Lamb Weston International:

"This acquisition allows Lamb Weston to fully align its business strategy in Argentina and invest more in the local market. We remain committed to providing high-quality products and services to our customers and partners, while ensuring the stability and growth of our company."

Romina Broda, VP Lamb Weston Latam:

"I'm very pleased with this new step in the development of our business. It's a clear example of the great potential we see in Argentina, throughout Latin America, and the trust Lamb Weston has in our team based here in the region."

About Lamb Weston

Lamb Weston is a leading supplier of frozen french fries, sweet potatoes, appetizers, and vegetable products for restaurants and retailers worldwide. For more than 70 years, Lamb Weston has led the frozen potato industry in innovation, introducing unique products for its customers. 

Lamb Weston products can be found in over 100 countries around the world. The company is headquartered in Eagle, Idaho, and its manufacturing operations are focused in the Pacific Northwest, primarily in the world’s best potato-growing region, the Columbia River Basin. Lamb Weston employs over 10,000 people worldwide in sales offices, manufacturing plants, and corporate offices.