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.