Iglo is a frozen food brand based in the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the European mainland, continental mainland. It comprises England, Scotlan ...
, with products sold across the European continent. It is owned by Nomad Foods Europe, which also owns the rights to the
Birds Eye
Birds Eye is an American international brand of frozen foods owned by Conagra Brands in the United States, by Nomad Foods in Europe, and Simplot in Australia.
The former Birds Eye Company Ltd., originally named "Birdseye Seafood, Inc." had b ...
brand in the United Kingdom and Ireland, and
Findus
Findus () is a frozen food brand which was first sold in Sweden in 1945. Findus products include ready meals, peas and Crispy Pancakes, the latter of which were invented in the early 1970s.
The Swiss food company Nestlé owned the Findus brand ...
across
Europe
Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a subcontinent of Eurasia and it is located entirel ...
.
Formerly owned by private equity firm
Permira
Permira is a global investment firm. Founded in 1985, the firm advises funds with assets under management of €60+ billion. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Ser ...
, the company was sold to the food company
Nomad Foods
Nomad Foods is an American-British frozen foods company, with its headquarters in the United Kingdom. The company's jurisdiction of incorporation is the British Virgin Islands. In 2015, Nomad acquired the Iglo Group. Five countries – the UK, It ...
in June 2015, valuing the group at €2.6bn (£1.9bn).
Nomad purchased the operations of Findus in all markets except the United Kingdom in November 2015, and merged the businesses of Iglo and Findus in 2016 to form Nomad Foods Europe.
History
In November 2006, private equity fund
Permira
Permira is a global investment firm. Founded in 1985, the firm advises funds with assets under management of €60+ billion. The Permira funds have made approximately 300 private equity investments in four key sectors: Technology, Consumer, Ser ...
acquired the BirdsEye and Iglo businesses from
Unilever
Unilever plc is a British multinational consumer goods company with headquarters in London, England. Unilever products include food, condiments, bottled water, baby food, soft drink, ice cream, instant coffee, cleaning agents, energy dri ...
for €1.7bn, forming the BirdsEye Iglo Group. In 2010 BirdsEye Iglo Group purchased the Italian frozen food business Compagnia Surgelati Italiana SPA from Unilever for €0.8bn, and reunited the
Findus
Findus () is a frozen food brand which was first sold in Sweden in 1945. Findus products include ready meals, peas and Crispy Pancakes, the latter of which were invented in the early 1970s.
The Swiss food company Nestlé owned the Findus brand ...
brand in Sweden into the group that had previously been managed as one business under Unilever until 2006. On 24 June 2011 BirdsEye Iglo Group changed its legal name to Iglo Foods Group Limited, and began trading as the Iglo Group.
Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ...
and
BC Partners
BC Partners is a British international investment firm with over $40 billion of assets under management across private equity, credit and real estate in Europe and North America. Its global headquarters are in London. The firm invests across all ...
made an unsuccessful bid of €2.5bn to buy Iglo from Permira in 2012. In April 2015 Permira agreed a majority sale to
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
-based investment vehicle Nomad Foods, valuing the group at €2.6bn (£1.9bn).
Following the purchase of Findus by Iglo's parent Nomad Foods, the Findus brand is due to be brought back under the same ownership across Europe.
See also
*
List of frozen food brands
This is a list of frozen food brands. Frozen food is food that is frozen from the time it is produced to the time it is
either defrosted or cooked by the consumer, or eaten while still frozen.
Frozen food brands
* Amy's Kitchen
* Aunt ...
References
External links
*
{{Authority control
Frozen food brands
Permira companies
Former Unilever brands