Nomad Holdings Limited reached an agreement to acquire leading European frozen food company Iglo Foods Holdings Limited from a company backed by the Permira funds for approximately $2.8 billion.
With approximately 2,800 employees, Iglo has sales across 12 European countries with the UK, Italy, Germany and Austria the group's largest markets, representing approximately 85 percent of turnover. The company—whose brands include Birds Eye in the UK and Findus in Italy—operates manufacturing facilities in Germany, Italy and the UK, the company’s headquarters.