Nomad Foods Ltd

Origin

Nomad Foods was founded as Nomad Holdings on 1 April 2014 by Noam Gottesman and Martin E. Franklin.

On 20 April 2015, Nomad Holdings announced it would acquire the Iglo Group (with its brands Iglo, Birds Eye and Findus Italy) from private equity firm Permira for €2.6 billion. The acquisition was completed on 1 July 2015, and Nomad Holdings renamed itself to Nomad Foods. Permira retained a minority stake in the company.

Nomad Foods subsequently expanded its European footprint by acquiring Findus Group's continental European business in November 2015 for approximately €500 million.

Strategic growth and acquisitions

Following its listing move from the London Stock Exchange to the New York Stock Exchange in January 2016, Nomad Foods entered a period of sustained expansion and commercial success. This performance was driven by a combination of organic growth initiatives - such as portfolio renovation, innovation, and sustainability leadership - and strategic acquisitions that broadened its geographic footprint and product range.

In April 2018, Nomad Foods acquired Goodfella's from 2 Sisters Food Group, for €225 million, strengthening its presence in the UK and Ireland. Two months later, in June 2018, it completed its acquisition of Aunt Bessie's Limited from William Jackson & Son Limited, for approximately €240 million., adding iconic British meal accompaniments to its portfolio.

Nomad Foods continued its expansion in November 2020, announcing the acquisition of Findus Switzerland from Froneri International Limited. The acquisition was completed in January 2021 for a purchase price of approximately €110 million. The transaction unified Nomad Foods' ownership of the Findus brand across Europe.

Shortly thereafter, in January 2021, Nomad Foods went into exclusive talks with Fortenova Group over their frozen food business, which includes Ledo Plus (Croatia), Ledo Čitluk (Bosnia & Herzegovina) and Frikom (Serbia). The acquisition closed in September 2021 for approximately €615 million, making it one of the largest deals in Nomad Foods' history.