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Announced

Completed

Nomad Foods completed the acquisition of the frozen food business group of Fortenova for $725m.

Financials

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Transaction Value£525m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Croatia

Friendly

Private

Single Bidder

Majority

frozen food portfolio

Acquisition

Food Products

Cross Border

Completed

Synopsis

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Nomad Foods, a frozen foods company, completed the acquisition of the frozen food business group of Fortenova, a company operating in retail, food production and agriculture, for $725m. “This major transaction has been closed one year after the Frozen Food Business Group divestment process was initiated in Fortenova Group, despite the project having been carried out under very challenging circumstances of the pandemic. We have worked hard and are proud of the fact that with this transaction we have met our most important goals in full," Fabris Peruško, Fortenova Group CEO and Member of the Board of Directors.

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