Lamb Weston to close Munro, Argentina plant, taking $50M-$60M in pre-tax charges
Lamb Weston committed on January 5, 2026 to close its Munro, Argentina manufacturing facility and move Latin American production to its new Mar del Plata plant, as part of efforts to improve operating efficiency. The company expects total pre-tax charges of approximately $50 million to $60 million, mostly in fiscal 2026, with about half expected to result in future cash spending.
Key points
- Plan committed January 5, 2026: close Munro, Argentina facility and consolidate Latin America production in Mar del Plata, Argentina
- Expected total pre-tax charges of approximately $50 million to $60 million, substantially all recognized in fiscal year ending May 31, 2026
- About half of the charges expected to be cash expenditures, substantially all paid in fiscal 2026
- Charges include asset and inventory write-downs, employee severance, and costs for contracted raw potatoes not used in production
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 08, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.