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Birds Eye Findus

Birds Eye & Findus brands sold to American investors as part of £1.9bn deal

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By John Glenday, Reporter

April 21, 2015 | 1 min read

Frozen food brands Birds Eye and Findus has been sold to American investment firm Nomad Holdings as part of a £1.9bn takeover of Iglo Group.

It is the first acquisition to be made by Nomad since its formation last year with the aim of building a portfolio of branded businesses.

Nomad co-founder Martin Franklin said: "We took a highly disciplined approach to evaluating opportunities for Nomad's initial investment," said Mr Franklin, Nomad's Co-Founder.

"During this process, it was abundantly clear that Iglo Group was a natural fit from both a strategic and a financial standpoint.

"This is a well-run business that has cemented itself as a leader in an attractive, yet highly fragmented sector, which paves the way for both organic and inorganic growth opportunities."

Iglo chief executive Elio Leoni Sceti will depart in June and Nomad are currently searching for a successor.

Birds Eye Findus

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