UK: Nomad Foods to acquire Fortenova Group

Europe’s leading frozen food company Nomad Foods has announced the completion of the acquisition of Fortenova Frozen for a purchase price of approximately €615 million (£528 million).

Fortenova Frozen is a leading European frozen food company with a portfolio of products such as fish, ready meals, fruits, vegetables, pastry, and ice cream manufactured under the Ledo, and Frikom brands. The company operates in attractive markets new to Nomad Foods, including Croatia, Serbia, Bosnia & Herzegovina, Hungary, Slovenia, Kosovo, North Macedonia, and Montenegro.

Stefan Descheemaeker, Nomad Foods’ Chief Executive Officer commented, “We are delighted to complete this acquisition and are eager to welcome the team to Nomad Foods. Fortenova Frozen has performed well in 2021 and we expect the strength of our combined organizations to create value for years to come, building on a solid foundation underpinned by market leading brands, operational excellence and a strategic focus in frozen food.”

Source: Nomad Foods