{"id":411751,"date":"2021-01-11T07:03:53","date_gmt":"2021-01-11T12:03:53","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=411751"},"modified":"2021-01-11T07:03:53","modified_gmt":"2021-01-11T12:03:53","slug":"nomad-foods-enters-into-exclusive-negotiations-to-acquire-fortenova-groups-frozen-food-portfolio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nomad-foods-enters-into-exclusive-negotiations-to-acquire-fortenova-groups-frozen-food-portfolio\/","title":{"rendered":"Nomad Foods Enters into Exclusive Negotiations to Acquire Fortenova Group\u2019s Frozen Food Portfolio"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Nomad Foods Enters into Exclusive Negotiations to Acquire Fortenova Group\u2019s Frozen Food Portfolio<\/b><\/p>\n<p>FELTHAM, England&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nNomad Foods Limited (NYSE: NOMD) announced today that it has entered into exclusive negotiations to acquire Fortenova Group\u2019s Frozen Food Business Group (FFBG), which includes Ledo, Frikom and other leading frozen brands.\n<\/p>\n<p>\nThis prospective transaction is aligned with management\u2019s strategy of complementing strong organic growth in the base business with the acquisition of market leading frozen food brands across Europe.\n<\/p>\n<p>\nFFBG has a leading European frozen food portfolio of iconic local brands with strong consumer awareness in Croatia, Serbia, Bosnia &amp; Herzegovina and several other countries in Southeastern Europe. It is the market leader in these regions where it operates across numerous categories including fish, fruits, vegetables, ready meal, pastry and ice cream.\n<\/p>\n<p>\nThe acquisition of FFBG would extend Nomad\u2019s portfolio into new and developing European markets while also creating a beachhead for potential future consolidation within Central and Eastern Europe.\n<\/p>\n<p>\nThese discussions are preliminary and there can be no assurance that a transaction will be completed. The company does not intend to provide further updates unless there is a definitive outcome to the discussions.\n<\/p>\n<p><b>About Nomad Foods Limited<\/b><\/p>\n<p>\nNomad Foods (NYSE: NOMD) is Europe\u2019s leading frozen foods company. The company&#8217;s portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Aunt Bessie&#8217;s and Goodfella&#8217;s, have been a part of consumers&#8217; meals for generations, standing for great tasting food that is convenient, high quality and nutritious. Nomad Foods is headquartered in the United Kingdom. Additional information may be found at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.nomadfoods.com&amp;esheet=52359585&amp;newsitemid=20210111005521&amp;lan=en-US&amp;anchor=www.nomadfoods.com&amp;index=1&amp;md5=11716a2b20eeaf7ef9ec7241f1b5bc49\">www.nomadfoods.com<\/a>.\n<\/p>\n<p><b>Forward Looking Statements<\/b><\/p>\n<p>\nCertain statements in this announcement are forward-looking statements which are based on the Company\u2019s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts, including expectations regarding the impact of the FFBG acquisition including the Company\u2019s ability to expand its geographic reach and extend its product offering and brand family while also creating a beachhead for potential future consolidation within Central and Eastern Europe. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210111005521r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210111005521\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210111005521\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contacts<br \/>\n<\/b><br \/>Taposh Bari, CFA<br \/>\n<br \/>Nomad Foods Limited<br \/>\n<br \/>+1-718-290-7950\n<\/p>\n<p>\nJohn Mills<br \/>\n<br \/>ICR, Partner<br \/>\n<br \/>+1-646-277-1254\n<\/p>\n<p><b>Media Contact<br \/>\n<\/b><br \/>Felipe Ucros<br \/>\n<br \/>Gladstone Place Partners<br \/>\n<br \/>+1-212-230-5930\n<\/p>\n<p><b>KEYWORDS:<\/b> United Kingdom Europe Croatia Serbia Bosnia and Herzegovina<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Food\/Beverage Other Retail Retail Supermarket Specialty<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Nomad Foods Enters into Exclusive Negotiations to Acquire Fortenova Group\u2019s Frozen Food Portfolio FELTHAM, England&#8211;(BUSINESS WIRE)&#8211; Nomad Foods Limited (NYSE: NOMD) announced today that it has entered into exclusive negotiations to acquire Fortenova Group\u2019s Frozen Food Business Group (FFBG), which includes Ledo, Frikom and other leading frozen brands. This prospective transaction is aligned with management\u2019s strategy of complementing strong organic growth in the base business with the acquisition of market leading frozen food brands across Europe. FFBG has a leading European frozen food portfolio of iconic local brands with strong consumer awareness in Croatia, Serbia, Bosnia &amp; Herzegovina and several other countries in Southeastern Europe. It is the market leader in these regions where it operates across numerous categories including &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nomad-foods-enters-into-exclusive-negotiations-to-acquire-fortenova-groups-frozen-food-portfolio\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nomad Foods Enters into Exclusive Negotiations to Acquire Fortenova Group\u2019s Frozen Food Portfolio&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-411751","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nomad Foods Enters into Exclusive Negotiations to Acquire Fortenova Group\u2019s Frozen Food Portfolio - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nomad-foods-enters-into-exclusive-negotiations-to-acquire-fortenova-groups-frozen-food-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nomad Foods Enters into Exclusive Negotiations to Acquire Fortenova Group\u2019s Frozen Food Portfolio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Nomad Foods Enters into Exclusive Negotiations to Acquire Fortenova Group\u2019s Frozen Food Portfolio FELTHAM, England&#8211;(BUSINESS WIRE)&#8211; Nomad Foods Limited (NYSE: NOMD) announced today that it has entered into exclusive negotiations to acquire Fortenova Group\u2019s Frozen Food Business Group (FFBG), which includes Ledo, Frikom and other leading frozen brands. This prospective transaction is aligned with management\u2019s strategy of complementing strong organic growth in the base business with the acquisition of market leading frozen food brands across Europe. FFBG has a leading European frozen food portfolio of iconic local brands with strong consumer awareness in Croatia, Serbia, Bosnia &amp; Herzegovina and several other countries in Southeastern Europe. 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