Nomad Holdings purchases Iglo Food for EUR 2.6 billion
Tuesday, April 21, 2015, 03:30 (GMT + 9)
As part of a build-up strategy, Nomad Holdings Limited has agreed to acquire Iglo Foods Holdings Limited, Europe's leading frozen food company, from a company backed by the Permira funds.
Firm’s sources informed that this purchase amounted to approximately EUR 2.6 billion, subject to customary closing conditions and that Nomad intends to change its name to Nomad Foods Limited.
“In addition to supporting Iglo Group's organic growth initiatives, Nomad will pursue strategic and complementary acquisitions intended to enhance its consumer offering and deepen its market leadership,” pointed out Noam Gottesman, who is the Founder and CEO of investment firm Toms Capital and Co-Founder of GLG Partners, and Martin E. Franklin, who is the Founder and Executive Chairman of Jarden Corporation.
For his part, Iglo Group's Chief Executive Officer, Elio Leoni Sceti wel... FULL STORY