Findus Group

Food industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

Nomad Foods snaps up UK frozen-food brand Aunt Bessie's for EUR240m

4 Jun 2018

Nomad Foods is paying EUR240m (US$281.6m) for fellow frozen food manufacturer Aunt Bessie's as the UK firm's acquisition trail continues.

Nomad Foods Q4 pro-forma profits, sales slide

31 Mar 2016

Nomad Foods today (31 March) booked falls in sales and profits on a pro-forma basis for the fourth quarter of 2015.

The food industry in 2016 - the trends that will drive M&A

3 Jan 2016

Looking to 2016, it seems likely many of the trends that drove a bumper year of deal-making will persist over the next 12 months - consolidation, health, simple foods and emerging markets.

The year in review - the news that shook the food industry in 2015

21 Dec 2015

The creation of Kraft Heinz was the stand-out M&A story of the year, although there were plenty of other significant deals, including JBS's move for European meat group Moy Park, the sale of Quorn Foods to Philippines-based Monde Nissin and Nomad Foods' two transactions in European frozen food. Elsewhere, Nestle was rocked by the Maggi recall in India, while it and a number of other companies - including Hershey - suffered amid China's economic slowdown.

Nomad Foods eyes more savings from Findus deal

16 Nov 2015

Nomad Foods, the frozen food giant, said today (16 November) it expects to be able to generate more savings from its recent acquisition of much of Findus Group's operations in Europe than it had expected.

Findus brand re-enters two categories in France

2 Oct 2015

Findus Group is re-entering the pizza and shellfish categories in France, another move from the business to diversify its range in the country.

Food industry news of the week - Green Giant, Just Mayo, VSI

1 Sep 2015

A deal for Green Giant could be nearing with claims US group B&G Foods is in advanced talks to buy the business from General Mills. Elsewhere, eight companies have expressed interest in Australia's Brownes Dairy, while one sale that was announced this week was the acquisition of European snack bar maker VSI by US co-packer Hearthside Food Solutions. And one story that caught your attention was upstart US egg-free mayo maker Just Mayo coming under fire from the country's food watchdog.

Food industry news of the week - Russia ban, Maggi ruling, Findus

14 Aug 2015

Russia this week said it would extend its restrictions on food imports to four more countries. In India, the ban on Nestle's Maggi noodles was overturned - although the products will have to be tested again. In the US, Kraft Heinz Co. announced plans to cut 2,500 jobs, while co-investor Warren Buffett cooled talk over a bid - in the short term at least - for Mondelez International. And in Europe, Nomad Foods struck a deal to buy Findus Group's operations in seven markets.

Nomad Foods strikes deal to buy Findus Europe assets

13 Aug 2015

Nomad Foods, the new owner of frozen food business Iglo Group, is set to expand its business in the sector with a deal to acquire Findus Group assets in Europe.

Nomad in share offer to raise M&A funds

9 Jul 2015

Nomad Foods, the UK-listed holding company that recently acquired frozen food giant Iglo Group, plans to sell shares in the business to generate funds for more acquisitions.

Food industry quotes of the week - Divine Chocolate, Nomad, Abbott

5 Jun 2015

This week, Nestle said it was withdrawing its Maggi noodle brand in India after a food safety scare that has seen local authorities insist the product has elevated levels of lead. Elsewhere, Abbott Laboratories was tied up in a class action lawsuit over its Similac product with allegations it is misleading consumers since the product contains non-organic ingredients. Elsewhere Nomad Holdings confirmed it is in acquisition talks with Findus Group. just-food visited the Free-From Expo in Barcelona this week and spoke to Warburtons among others. We also interviewed the CEO at Divine Chocolate. Here is the week in quotes

Deal or no deal: How Findus acquisition would benefit Nomad

4 Jun 2015

Since Nomad Holdings announced it had acquired European frozen food firm Iglo Group, the market has been waiting for the investment firm's next deal to help its ambition of building a portfolio of "best-in-class" FMCG brands. Nomad confirmed yesterday (4 June) it is in "exclusive" negotiations over the acquisition of assets of Findus Group. The acquisition would strengthen Iglo's hand in the European frozen food sector but, in order to seal the deal, Nomad could have to pay the piper, Katy Askew suggests.

Nomad in exclusive talks to buy Findus assets

3 Jun 2015

Nomad Holdings, the investment vehicle that recently snapped up Iglo Group, confirmed it is in “exclusive” negotiations over a purchase of Findus Group's continental European assets.

Food industry results in brief - Tiger Brands, Total Produce, Cranswick

26 May 2015

South Africa's Tiger Brands grabbed the headlines this week with news of the over-stating of sales at its Kenyan arm inflating local profits last year. Elsewhere, Ireland's Total Produce lifted its earnings forecast and said it was on the look-out for more M&A. UK meat group Cranswick reported mixed annual results.

M&A Watch - Nomad's post-Iglo opportunities

23 Apr 2015

Nomad Holdings, the recently-established, UK-listed company set up by FMCG veterans Martin Franklin and Noam Gottesman to buy consumer goods firms, made its first move this week with the acquisition of European frozen food supplier Iglo Group. Stefan Kirk, just-food M&A columnist and advisor at Glenboden, weighs up where Nomad could move next.

Food industry news of the week: Unilever, PepsiCo, Lifeway

23 Jan 2015

Unilever was this week the first major food group to announce results for 2014 - a mixed year - and CEO Paul Polman admitted the company had slow in reacting to changes in consumer demands on spreads. The chief executive of Lifeway Foods told just-food the US culture dairy products group was - contrary to reports - not in talks to sell the business.

Findus: "No sale process underway" in UK

20 Jan 2015

Findus Group today (20 January) insisted there is "no sale process underway" for its UK business after speculation its shareholders are preparing to sell its business in the country.

Food industry quotes of the week: Tesco, Chobani, Yashili

9 Jan 2015

This week, Chobani refuted claims its CEO Hamdi Ulukaya is being pushed out of his position. Elsewhere, Tesco outlined a new strategy expected to have a profound impact on the companies that supply the retailer. Findus acquired Nestle's Spanish frozen food business La Cocinera and HKScan announced it was axing 95 jobs across two of its sites in Denmark. Here is the week in quotes

UPDATE: Findus: Nestle's La Cocinera will double Spanish operations

8 Jan 2015

Findus Group has said its planned acquisition of Nestle's Spanish frozen ready meals unit, La Cocinera, will double the size of its business in the country.

Nestle to sell Spanish frozen ready meals brand to Findus

8 Jan 2015

Nestle has announced the sale of its Spanish frozen ready meals business, La Cocinera, to Findus.

UK: Former Findus CFO joins 2 Sisters

17 Jun 2014

2 Sisters Food Group has announced the appointment of former Findus Group CFO Stephen Leadbeater to the position of group CFO.

FRANCE: Dutch trader charged in horsemeat scandal

2 May 2014

The Dutch trader suspected of being at the heart of last year's horsemeat scandal has been charged by authorities in France.

Quote, unquote: just-food's week in words

3 Mar 2014

Tesco this week outlined plans for a fresh offensive to try to revitalise UK sales. Meanwhile, The Co-operative Group, which has faced its own issues in recent months, announced it was considering the sale of its farm business as CEO Euan Sutherland looks to reshape the mutual. In the US, PepsiCo once again reiterated it is not keen on splitting the company in two, while Hershey, Mars and Nestle breathed a sigh of relief after the price-fixing case it was tied up in was kicked out of court. Here is the week in quotes.

BELGIUM: Findus buys Lutosa retail business

27 Feb 2014

Frozen food giant Findus Group has snapped up the Belgian retail business of Lutosa as part of the EU's clearance of McCain Foods' acquisition of the potato products supplier.

The just-food interview - Quorn Foods CEO Kevin Brennan - part two

17 Jan 2014

Quorn Foods, the UK-based meat-free group, is enjoying a period of robust sales growth in the UK - but the business, owned by Exponent Private Equity, has international ambitions. In part two of the latest just-food interview, CEO Kevin Brennan discusses the company's overseas performance and prospects.

Consuming issues: UK reaches tipping-point on FOP labels

20 Jun 2013

The debate over what form front-of-pack nutrition labels should take in the UK has taken a significant stride to being closed, with over 60% of the market agreeing to use a new label that does include traffic lights. Not every household name will use the label but Ben Cooper argues the refuseniks will now be firmly in the campaigners' firing line.

UK: Findus appoints Showalter as CFO

8 Apr 2013

Frozen food firm Findus Group has appointed William Showalter as its CFO.

Editor's choice: the highlights on just-food last week

25 Feb 2013

Last week ended as it started: with a household brand caught up in the horsemeat contamination scandal. On Monday, Nestle said it had pulled Buitoni products in Spain and Italy after positive tests and, on Friday, Birds Eye said it had recalled ready meals across Europe after similar results. Over in the US, leading executives from some of the largest packaged food companies were at CAGNY to discuss their prospects for the year ahead.

HORSEMEAT: Birds Eye pulls ready meals on positive test

22 Feb 2013

Birds Eye has pulled three beef ready meals from supermarkets in the UK and Ireland as a precaution after a product it sells in Belgium tested positive for horse DNA.

HORSEMEAT: Nestle recalls ready meals in Spain, Italy

19 Feb 2013

Nestle has recalled two beef ready meals on sale in Spain and Italy after tests returned positive for horse DNA.

1

3



Forgot your password?