Lamb Weston forms Russian joint venture
Clients ConAgra Foods, Inc.
Jones Day is advising ConAgra Foods, Inc. in connection with a €100 million joint venture between Lamb Weston/Meijer and Belaya Dacha to construct and operate the first of its kind potato processing plant in Russia to serve the rapidly growing Russian French fry market. The joint venture also involves the acquisition of farmland to secure potato supplies. Lamb Weston/Meijer itself is a joint venture between Lamb Weston, a subsidiary of ConAgra Foods, Inc., and Meijer Frozen Foods and is a leading supplier of frozen potato products in EMEA and Brazil. The Belaya Dacha group combines a variety of businesses including the growing and processing of vegetables in Russia.