ConAgra Lamb Weston and Ochoa Foods enter j.v.
August 07, 2008
by FoodBusinessNews.net Staff
KENNEWICK, WASH. — ConAgra Foods Lamb Weston and Ochoa Foods announced they have entered a new joint venture to operate Ochoa Foods’ potato processing plant in Warden, Wash.
"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 of ConAgra Foods Lamb Weston. "Combining Ochoa’s entrepreneurial spirit and experience with Lamb Weston’s operating reach should drive improved earnings for both companies."
The 50/50 joint venture will be called Lamb Weston/BSW, and its purpose will be to develop, process and sell frozen potato products. Financial terms of the deal were not disclosed.
The Warden plant processes about 300,000 tons of potatoes each year.