date:Jul 16, 2014
US-based packaged food company ConAgra Foods has acquired Chinese potato processor TaiMei Potato Industry for $93m as part of the companys strategy to expand its international presence.
The acquisition expands ConAgra's Lamb Weston operations in a market where there is a growing demand for frozen potato products.
Lamb Weston makes a variety of frozen potato, sweet potato and other vegetable products for restaurants, retailers and foodservice operators in more than 100 countries around the worl