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Nomad Holdings purchases Iglo Food for EUR 2.6 billion

UNITED KINGDOM
Tuesday, April 21, 2015, 03:30 (GMT + 9)

As part of a build-up strategy, Nomad Holdings Limited has agreed to acquire Iglo Foods Holdings Limited, Europe's leading frozen food company, from a company backed by the Permira funds. Firm’s sources informed that this purchase amounted to approximately EUR 2.6 billion, subject to customary closing conditions and that Nomad intends to change its name to Nomad Foods Limited. “In addition to supporting Iglo Group's organic growth initiatives, Nomad will pursue strategic and complementary acquisitions intended to enhance its consumer offering and deepen its market leadership,” pointed out Noam Gottesman, who is the Founder and CEO of investment firm Toms Capital and Co-Founder of GLG Partners, and Martin E. Franklin, who is the Founder and Executive Chairman of Jarden Corporation. For his part, Iglo Group's Chief Executive Officer, Elio Leoni Sceti wel... FULL STORY

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Figures released today reveal that exports of Scottish salmon grew by GBP 50 million (USD 74.8 million) last y... FULL STORY
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Sardine and anchovy fishing zone opened in Bío Bío
Apr 20, 23:20
The Undersecretariat of Fisheries and Aquaculture (SUBPESCA) decided to open an area on the northern end of th... FULL STORY
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The Minister for Agriculture, Food and the Marine, Simon Coveney joined with European Commissioner for Researc... FULL STORY

Mexico
International certification could help curb red snapper overfishing
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In an attempt to improve the management of the fishery for the red snapper in Quintana Roo and ensure its sustainability, international experts sugges... FULL STORY

Spain
EUR 421 million allocated for multi-year aquaculture plan
Apr 21, 02:20
The Fisheries Sector Conference, chaired by the head of the Ministry of Agriculture, Food and Environment (MAGRAMA), Isabel García Tejerina, ha... FULL STORY

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Maine's shrimp ban benefits Canadian exports
Apr 21, 01:40
A ban on fishing for cold water shrimp (Pandalus borealis) in Gulf of Maine waters, the United States, has contributed to the surge of Canada’s ... FULL STORY
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