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Tag "frozen food"

Unilever to Sell Frozen Meals Business in North America

    Unilever to Sell Frozen Meals Business in North America

Unilever has agreed to sell its North America frozen meals business to ConAgra Foods for a total cash consideration of $265 million (Eur216 million). Unilever’s North America frozen meals business consists of a full range of premium, multi-serve frozen entrees and appetizers under the well-known Bertolli and PF Chang’s brand names.
The transaction, subject to regulatory […]

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Permira to Refinance Bird Eye Iglo

    Permira to Refinance Bird Eye Iglo

Private equity firm Permira is reported to be considering a Eur500 million refinancing of its Bird Eye Iglo frozen foods group. The refinancing would increase Bird Eye’s debt from Eur1.4 billion to almost Eur2 billion. The move is intended to allow Permira to return value to shareholders in the form of a dividend and to […]

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Permira Considers Disposal of Birds Eye Iglo

    Permira Considers Disposal of Birds Eye Iglo

Private equity firm Permira is considering the sale of its Birds Eye Iglo European branded frozen food business after receiving a number of approaches. Permira is reported to have appointed Credit Suisse to manage a sales process.
Birds Eye Iglo produces fish, vegetables, poultry and ready meals, including a number of iconic products such as fish […]

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Nestle to Invest €45 Million in German Frozen Pizza Factory

    Nestle to Invest €45 Million in German Frozen Pizza Factory

Nestle is strengthening its frozen pizza business by extending its Wagner factory in Germany. The new Eur45 million extension to the factory, located in the city of Otzenhausen, will boost production of Wagner branded frozen food products such as Big Pizza, Piccolinis and Die Backfrische.
 
Production is set to increase from 70 million products to 350 […]

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Findus Group Targets Growth in Nordic Region

    Findus Group Targets Growth in Nordic Region

Findus Group, one of Europe’s largest frozen food and seafood companies, has appointed Jari Latvanen, formerly with Nestle, to head its new, dedicated business unit covering the Nordic region. The Nordic business employs 800 people in Denmark, Finland and Sweden.
“Jari’s appointment will enable us to drive growth in the region, predominantly from share gains in […]

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Unilever Sells Findus Italy to Birds Eye Iglo for €805m

    Unilever Sells Findus Italy to Birds Eye Iglo for €805m

Unilever is selling its Italian frozen food business, Findus Italy, to Birds Eye Iglo, which is owned by private equity group Permira, for Eur805m. The deal includes four brands – Salti in Padella, Sofficini, Capitan Findus and That’s Amore – along with a factory in Cisterna, Italy. Findus Italy employs 650 people and had annual […]

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Ardo UK Consolidates With £16 Million Development

Ardo UK is now prepared to meet the growing consumer demand for frozen foods while also improving cost competitiveness after consolidating its two UK operations into a single site at Charing in Kent, following investment of £16 million.
Well known for its Ardo and Shearway brands, Ardo UK specialises in producing and packaging frozen fruit and […]

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