Leading frozen foods company Nomad Foods has entered into an agreement to acquire Findus Switzerland from Froneri, and intellectual property from an affiliate of Nestle, for approximately €110 million ($131 million).
Findus is a leading frozen brand with a portfolio of products across categories such as fish, vegetables, and ready meals.
The acquisition of Findus Switzerland will unify Nomad Foods’ ownership of the Findus brand across Europe, the company said.
Noam Gottesman, Nomad Foods co-chairman and founder, commented, “The acquisition of Findus Switzerland reinforces our strategy of growing through a combination of organic growth and complementary, accretive M&A. We have long admired this business, and we are excited to build on its success by leveraging the resources, capabilities, and scale of our organization”.
Source: Nomad Foods