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


Arket Brussels opens: discover H&M's latest concept

14/09/2017

On Friday 15 September, H&M Group’s new store formula opens its doors on the Guldenvlieslaan in Brussels. The press got a sneak preview and discovered a surprising mixture of fashion, interior design and food. 

Nordstrom opens store without storage

13/09/2017

Fashion chain Nordstrom will open a new store formula in Los Angeles next month. Customers will only be able to get advice and try out clothing. Purchases can be picked up at the store at a later date.

Primark benefits from weaker British economy

12/09/2017

Irish fashion chain Primark takes full advantage of the weak British economy, which prompted its parent company AB Foods to adjust its full-year forecast. The chain will also continue its expansion plans.

Participatiemaatschappij Vlaanderen invests in FNG

11/09/2017

Government investment fund Participatiemaatschappij Vlaanderen (PMV) will invest 15 million euro in fashion group FNG in return for 5 % of its shares. The money will go towards international expansion.

Gap Inc will focus on Old Navy and Athleta

08/09/2017

American fashion company Gap will alter its internal strategy and turn its attention to Old Navy and Athleta. Gap and Banana Republic, which both received the most attention up until now, will have to step aside.

Global Fashion Group cuts losses

08/09/2017

Global Fashion Group, the fashion group founded by investment group Kinnevik and Rocket Internet, managed to lower its losses even more in the second quarter. On top of that, turnover grew more than 25 %.

Back to top