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Nomad Foods is looking to bounce back - analysis

Nomad Foods was set up two years ago by Martin Franklin and Noam Gottesman as a vehicle to make acquisitions. Its first two deals have been...

Why Quorn Foods auction promises to be competitive

The starting gun on the race for Quorn Foods is to be fired this week and interest in the UK meat-free business is likely to be high....


Within a year of being established, Nomad Foods has made waves in Europe's frozen food sector, snapping up Iglo Group and agreeing a deal for much of Findus Group's assets. The UK-listed company is eyeing opportunities in the US. Stefan Kirk, just-food's M&A columnist and advisor at M&A consultants Glenboden, puts forward some possible targets for Nomad.


Katy Askew | 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 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.

Latest News

Dean Best | 24 Aug 2017

Frozen food group Nomad Foods today (24 August) reported what its CEO described as "strong" second-quarter results, with its revenue trends improving from the first three months of the year.


John Shepherd | 7 Jun 2017

The chief financial officer of Nomad Foods, Paul Kenyon, has resigned to take up a position outside the food industry, the frozen food group announced today (7 June).


Dean Best | 25 May 2017

Frozen food group Nomad Foods has hailed a "strong start" to the year after reporting a rise in first-quarter profits, although its sales were down year-on-year.


Dean Best | 30 Mar 2017

Frozen food group Nomad Foods will have "stabilised" its sales in the first quarter of this year after seeing a 6% fall in sales in 2016.


Dean Best | 29 Nov 2016

Nomad Foods, the UK-based frozen foods group, today (29 November) claimed to be making progress despite reporting another quarter of falling sales.


Katy Askew | 7 Nov 2016

PepsiCo and Nomad Foods are reportedly among the latest companies asking supermarkets to raise the price of their brands due to devaluation of the sterling in the wake of the UK's decision to leave the EU. 


John Shepherd | 14 Oct 2016

Nomad Foods has announced the launch of Birds Eye gluten-free fish fingers in the UK in the brand's first foray into the category.


Dean Best | 25 Aug 2016

Nomad Foods CEO Stéfan Descheemaeker today (25 August) insisted the UK-based frozen food group was seeing its sales trends improve despite the Birds Eye reporting a fall in underlying first-half revenue and earnings.


Dean Best | 25 May 2016

Nomad Foods, the European frozen foods group, today (25 May) reported lower first-quarter sales and profits on a pro-forma basis.


Hannah Abdulla | 1 Apr 2016

Nomad Foods, the European frozen foods group, is looking to slash costs and create more "value" propositions for consumers in a bid to return the company to profitability, which it assures will happen by the second quarter of this year.


Hannah Abdulla | 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.


Hannah Abdulla | 22 Feb 2016

Nomad Foods has taken Birds Eye into the frozen breakfast category in the UK.


Dean Best | 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.


Dean Best | 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.


Dean Best | 23 Nov 2015

ConAgra Foods CEO Sean Connolly, appointed earlier this year to revitalise the US group, announced its latest strategic change, with the company planning to split in two. Tyson Foods explained its decision to close two plants in the US, while Danone set out plans to grow sales and margins year-on-year.


Dean Best | 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.


Dean Best | 30 Sep 2015

Companies including Danone, Kerry Group, Singapore-based agribusiness and food group Wilmar International and South Korean business Pulmuone Co. are eyeing Quorn Foods, joining the likes of McCain Foods as possible bidders for the UK meat-free firm.


Hannah Abdulla | 11 Sep 2015

This week, the Barclays Global Consumer Staples Conference took place in Boston with presentations from Mondelez International and Tyson Foods. Nomad Foods also presented and indicated plans to focus on cost-cutting with funds re-invested in the business for growth. Elsewhere, Flowers Foods announced its second acquisition in under a month in organic bread and McCormick & Co. pledged to increase the number of organic and Non-GMO products it sells in the US over the next year. Here is the week in quotes. 


Hannah Abdulla | 10 Sep 2015

Cost-cutting will become part of Nomad Foods' strategy to achieve growth, as the frozen food group tries to respond to pressure from private label.


Dean Best | 8 Sep 2015

A sale of Quorn Foods, the UK-based meat-free business, is expected by the end of the year with potential suitors receiving information memoranda this week, just-food understands.


Dean Best | 7 Sep 2015

McCain Foods and Nomad Foods are reportedly to be mulling a move for UK-based meat-free business Quorn Foods.


Dean Best | 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.


Hannah Abdulla | 27 Aug 2015

Nomad Foods CEO Stéfan Descheemaeker has said the frozen food group's half-year results "were in line with expectations" despite lower sales.


Hannah Abdulla | 21 Aug 2015

Nomad Foods has confirmed it is eyeing the US for more acquisitions in frozen food.


Dean Best | 21 Aug 2015

Acquisitive Nomad Foods, which has snapped up one frozen food business in Europe and is set to buy another, this week confirmed it is eyeing possible deals in the sector in the US. Meanwhile, in emerging markets, Hershey is to go it alone in Brazil and Kellogg is to invest in R&D in India.

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