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

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.