Iglo
Iglo is one of the Umbrella Brands of the frozen-foods business of Iglo Group in Europe (Germany, Austria, Belgium, Netherlands, France, Portugal, Central & Eastern Europe, Turkey and Russia). It is headquartered in Bedfont, England. In April 2015 owners Permira agreed a majority sale to United States-based investment vehicle Nomad Holdings, valuing the group at €2.6bn (£1.9bn).[1]
History
In November 2006, private equity fund Permira acquired the BirdsEye and Iglo businesses from Unilever for €1.7bn, under the name 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 brand in Italy 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 now trades under the name Iglo Group.
Blackstone Group and BC Partners put in a bid of €2.5bn to buy Iglo from Permira in 2012.[2] In April 2015 Permira agreed a majority sale to United States-based investment vehicle Nomad Holdings, valuing the group at €2.6bn (£1.9bn).[1]
Brand and operations
Iglo Group produces and markets premium branded frozen food products in 11 countries, and distributes across a number of other countries in Central and Eastern Europe. In both United Kingdom and the Republic of Ireland, Iglo is known as Birds Eye, and in Italy it is known as Findus. Some Findus product ranges are also available in Belgium, France, Ireland and the Nordic Countries.