Lamb Weston: brands it owns and its ownership tree
Lamb Weston (NYSE: LW) is a publicly listed company headquartered in Eagle, Idaho, United States that owns 2 consumer brands, and has 1 recorded transaction.[1]
Lamb Weston was founded in Oregon in 1950 and invented the water gun knife, which cuts potatoes into chips by firing them through a grid of blades at high speed, still the industry standard. Conagra spun it off in 2016, and it is one of the largest frozen potato producers in the world.
Conagra separated its frozen potato business as Lamb Weston, distributing shares to Conagra shareholders. The two businesses had little in common: one supplied restaurants with commodity potato products, the other sold branded food in supermarkets, and each was valued differently by investors.