Nomad Foods Announces Findus Switzerland, Expands Presence in Frozen Food Market
England-based Nomad Foods announced on Monday that it has entered into an agreement to acquire Findus Switzerland from Froneri International, along with from an affiliate of Nestlé S.A. for aggregate consideration of approximately €110 million on a debt-free, cash-free basis.
According to Nomad, Findus is a top frozen food brand in Switzerland, with a number of value-added products including fish, veggies and ready meals. This will be Nomad’s first venture into Switzerland, describing the country as a “new and sizable market, providing a natural extension for...
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