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New Deal


Announced

Completed

Nomad Foods completed the acquisition of Findus Switzerland from Froneri for €110m.

Financials

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Transaction Value£99m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Cross Border

Single Bidder

frozen food

Majority

Switzerland

Food Products

Friendly

Acquisition

Completed

Synopsis

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Nomad Foods, a frozen foods company, completed the acquisition of Findus Switzerland, a frozen food brand, from Froneri, a dairy products company, for €110m ($130m). “We are thrilled to announce the acquisition of Findus Switzerland, a brand and market which closely complement our existing portfolio. By unifying the Findus brand under Nomad Foods’ ownership and extending our geographic reach into Switzerland, we believe we have multiple levers for long-term value creation. We look forward to welcoming the Findus Switzerland team into our organization,” Stéfan Descheemaeker, Nomad Foods Chief Executive Officer.

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