Nomad Foods set to acquire frozen food maker Iglo
Birds Eye fish fingers creator Iglo will be acquired by Nomad Foods for EUR 2.6 billion (USD 2.4 billion). According to an article on the Financial Times, Nomad founders Martin E. Franklin and Noam Gottesman will take over Iglo from private equity group Permira.
The deal could be announced as early as today in London. The acquisition of Iglo, which has operations in Britain, Germany and Italy, would be the first of a number of deals for Nomad as the company expands its global consumer brands business.
Elio Leoni Sceti, chief executive of Iglo, is said to be stepping down in June but will continue to be involved in the company as executive director.