Ardian has divested its stake in Germany-based food company frostkrone for an undisclosed sum to Emeram Capital Partners. frostkrone, which was established in 1997, manufactures frozen finger food and snack products in Europe. The ...
Tags: Ardian, snack products
Nomad Holdings has completed the previously announced acquisition of frozen food company Iglo Foods from Permira Advisers for €2.6bn. Said to be Europe's largest branded frozen food company, Iglo operates in 12 countries in Europe, ...
Tags: Agriculture, Food, frozen food
Nomad Holdings Ltd. has agreed to acquire Iglo Foods Holdings Ltd., said to be Europe’s largest branded frozen food company, from Permira Advisers LLP in a deal worth €2.6bn. Subject to customary closing conditions, Nomad ...
Tags: Iglo Foods, Nomad
McCain Foods, a frozen food company based in Canada, is set to close its Penola potato processing plant in South Australia by the end of this year, while leaving 59 jobs at risk. The decision has been taken due to rising input costs, raw ...
Tags: McCain Foods, Potato Processing
McCain Foods, a frozen food company based in Canada, plans to invest more than $100m to expand its manufacturing plant in Burley, Idaho, US, in order to boost the production of potato products. The expansion involves the addition of a new ...
Canada-based frozen food company McCain Foods has received approval from the European Commission (EC) to acquire the potato division of Belgian frozen vegetables producer PinguinLutosa Food for €225m The approval is conditional upon ...
Tags: frozen food, Food
McCain Foods has completed the acquisition of Kitchens of Sara Lee (KOSL) Australia from Hillshire Brands.The transaction is valued at A$82m. The acquisition of KOSL includes a manufacturing facility at Lisarow, New South Wales, as well ...
US food company Hillshire Brands has completed the sale of its Australian subsidiary Kitchens of Sara Lee (KOSL) to McCain Foods (Aust), a subsidiary of McCain Foods, for A$82m ($85m). McCain Foods (Aust) entered into an agreement to ...
Tags: food company, Foods, frozen food
McCain Foods, a frozen food company based in Canada, plans to invest INR3.5bn ($63.6m) to boost the production capacity of its plant in Mehsana, Gujarat, India. This move is a part of the company's plan to address the increased demand ...
Tags: McCain Foods, frozen food, Canada, India
The CEO of Iglo Group, Martin Glenn, has announced his intention to step down after six years at the helm. jGlenn, who has led the business since the Permira-backed buyout in 2006, will remain as an investor in the business and stay on ...
Tags: CEO, Iglo Group, Martin Glenn, helm
Aunt Bessie's has added to its dessert range in the UK with the launch of five new puddings. The launch, the company said, is part of the firm's strategy to focus on different hot pudding occasions, targeting both couples and larger ...
Tags: Aunt Bessie's, dessert range, new puddings, UK
Private equity firms Blackstone and BC Partners are planning to submit a revised offer for frozen food company Iglo, after Permira rejected their earlier EUR2.5bn bid as too low. Blackstone and BC Partners, which are the last remaining ...
Tags: Blackstone, frozen food company, the biggest private equity transactions
Private equity firms Blackstone and BC Partners are set to submit a joint bid for frozen food company Iglo, in a deal which is expected to value the company at $3bn, including debt. The two firms, which were earlier competing with each ...
Tags: frozen food company, Blackstone, pea, poultry and potato waffle products
UK-based private equity firm Permira has hired banks to provide additional debt for its frozen food company Iglo,which owns the Birds Eye brand. Credit Suisse,HSBC,Nomura and UBS will be managing the Iglo transaction,under which€250m ...
Tags: debt, frozen food, banks
Private equity firm Permira has cancelled its plans to both refinance and sell the frozen food company Iglo. Permira had planned a dividend recapitalization with Credit Suisse and Deutsche Bank and was expecting to raise ...