Nomad Foods acquires European Findus Group activities

Nomad Foods acquires European Findus Group activities

Iglo Group's owner, Nomad Foods, has also acquired Findus Group's European and Scandinavian activities, which instantly makes it the largest European frozen products company.

"Huge scale enlargement"

Thanks to the acquisition, Nomad is now the largest frozen products company in Belgium (where it is active with its Iglo and Lutosa brands), the United Kingdom, France, Sweden, Germany, Italy, Spain, Austria and Portugal.

 

Stéfan Descheemaeker, Nomad Foods CEO, explains: "The complementing nature of our footprint and the power of our combined brands in Europe will create a huge scale enlargement and add to Nomad Foods' competitive product range. Birds Eye, Iglo and Findus were key in creating the frozen food industry over the past few decades and our long-term goal is to grow Nomad Foods into a worldwide food corporation with brands that dominate their markets."

 

Nomad Foods paid some 500 million pounds (696 million euro) to acquire Findus Group, which in turns gives it access to 6 manufacturing plants and 1,500 employees. Nomad has 10 factories worldwide and employs 4,500 people.

Questions or comments? Please feel free to contact the editors


Urban Outfitters gets back on track in third quarter

21/11/2017

Following several quarters of negative results, Urban Outfitters’ third quarter was one of growth. Total turnover grew 3.5 % and there was a 1 % like-for-like growth.

Danish fashion platform Miinto is now also available in Belgium

21/11/2017

Danish fashion platform Miinto has launched in Belgium this week. Smaller fashion retailers can sell their products on the platform, combining their strength to withstand larger web shops.

Lubach: “Fair clothing is a matter of priorities”

15/11/2017

Ever since the Rana Plaza disaster, the clothing industry has clamoured for transparency in the clothing manufacturing branch, but Zondag met Lubach’s Arjen Lubach proved on Sunday that there is no actual transparency yet.

Fashion chain Canada Goose opens first European store

14/11/2017

Canadian fashion chain Canada Goose opened its first European store in London. The brand’s clothing has been in Europe for quite some time, but only at multi-brand stores up until now.

Desigual suffers turnover blow in first three quarters

14/11/2017

Spanish fashion chain Desigual suffered a blow in the first three quarters of 2017, with turnover  down more than 10 %. It mainly struggled in Europe, a region where it generates almost all of its turnover.

Two or three stripes on clothing are Adidas' property

13/11/2017

Swedish store chain H&M can no longer use parallel stripes on its (sports) clothing, because they resemble Adidas’ three stripes too much, according to a The Hague court.

Back to top