Announced
Completed
Financials
Tags
Croatia
Friendly
Private
Single Bidder
Majority
frozen food portfolio
Acquisition
Food Products
Cross Border
Completed
Synopsis
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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