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 Northwestern Europe, off the coast of European mainland, the 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 brand in the United Kingdom and Ireland, and Findus across Europe. Formerly owned by private equity firm

Permira Permira Holdings Limited is a British global investment firm specialised in buyouts, growth funds, equity funds, and credit funds. Founded in 1985 as part of Schroders, it became independent in 1996. Operating as Permira since 2001, the company ...

, the company was sold to the food company Nomad Foods 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

acquired the BirdsEye and Iglo businesses from

Unilever Unilever PLC () is a British multinational consumer packaged goods company headquartered in London, England. It was founded on 2 September 1929 following the merger of Dutch margarine producer Margarine Unie with British soap maker Lever B ...

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 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. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman ...

and

BC Partners BC Partners LLP 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 ...

made an unsuccessful bid of €2.5bn to buy Iglo from Permira in 2012. In April 2015 Permira agreed on a majority sale to United States-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. Iglo shut down their operations in France and absorbed it to Findus in 2016.https://www.intrafish.com/news/nomad-to-phase-out-iglo-brand-in-france/1-1-777020

References

External links

* {{Authority control Frozen food brands Permira companies Former Unilever brands

History

See also

References

External links