Nomad Foods completes acquisition of Fortenova Group’s frozen food business

EUROPE – Frozen food manufacturer Nomad Foods has completed its acquisition of Fortenova Group’s frozen food business after clinching the agreement to do so in March this year.  The acquisition which was made for €615m (US$714m) gives Nomad foods an expanded footprint which includes attractive markets such as  Croatia, Serbia, Bosnia & Herzegovina, Hungary, Slovenia, Kosovo, North Macedonia and Montenegro.  Nomad Foods is expected to have a lead market presence as Fortenova’s two anchor brands, Ledo and Frikom, had strong consumer awareness and number one market share in many of these markets.  Through the frozen…

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