Nomad Holdings buys Birds Eye parent Iglo

Birds Eye parent company Iglo has been bought by "acquisition vehicle" Nomad Holdings for £1.9bn, according to its current owner, which is private equity firm Permira Advisers.

Frozen food: market potential - image: Sharon McCutcheon
Frozen food: market potential - image: Sharon McCutcheon

The Middlesex-based company is Europe’s largest and the world’s second-largest frozen-food manufacturer, with sales of £1.1bn last year.

Nomad co-founder Martin Franklin said: "There are a lot of opportunities for further acquisitions in the [frozen food] market."

British Growers chief executive Jack Ward said: "Birds Eye is a well-established brand and a very important customer for British producers, especially for the frozen vegetable sector.

He added: "They may see opportunities in branded niche consumer foods, or may simply have seen an undervalued company that they can sell on in a couple of years. I can’t think that they would want to jeopardise what they have."

Permira acquired the Iglo and Birds Eye brands from Unilever in 2006.


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