Grant Thornton is pleased to congratulate the shareholders of Lamb Weston Holdings Inc. (“Lamb Weston”), a leading Idaho based American food processing company, on their acquisition of the Australian based potato processor Ready Meals.

The acquisition of Ready Meals has been made within six months of Lamb Weston’s acquisition of Marvel Packers Pty Ltd, another Melbourne based-frozen potato processing company.

Grant Thornton assisted Lamb Weston in the financial and tax due diligence requirements and provided advice in managing the completion process – culminating in a great result for all parties. The transaction highlighted Grant Thornton’s ability to leverage our international networks to assist our clients, with the initial introduction of Lamb Weston made through our Wisconsin practice in the United States.

We are pleased to have worked with Lamb Weston on another successful transaction in this industry, and we look forward to following the success of Ready Meals as it leverages the backing of its listed shareholder, and new sister company Marvel Packers, to expand operations and product range throughout the Australian market.