Nomad Foods Limited (NOMD) Reports Q3 EPS of EUR0.30 on Revenues of EUR576M

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Nomad Foods Limited (NOMD) Reports Acquisition of Findus Switzerland from Froneri International Ltd. for Approx. EUR110M

November 9, 2020 6:55 AM EST

Nomad Foods Limited (NYSE: NOMD) announced today that it has entered into an agreement to acquire Findus Switzerland from Froneri International Ltd. and certain intellectual property from an affiliate of Nestlé S.A. for aggregate consideration of approximately 110 million on a debt-free, cash-free basis.

Findus is the leading frozen food brand in Switzerland with a portfolio of value-added frozen products across categories including fish, vegetables and ready meals. The acquisition will expand Nomad Foods geographic reach into... More