ConAgra buys Chinese potato processor for $93M

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OMAHA, Neb. (AP) — ConAgra Foods Inc., the company behind Chef Boyardee canned pasta, said Monday that it bought a Chinese potato processor for $93 million to help it sell more frozen potato products in Asia.

The purchase of TaiMei Potato Industry Ltd. will allow ConAgra’s Lamb Weston unit to make frozen french fries, mashed potatoes and other potato products inside China, where demand is growing. Lamb Weston’s frozen potato products are sold to restaurants, retailers and food service operators around the world.

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