Nomad Foods is honing in on a number of mid-sized European frozen foods companies with an eye toward acquisition, CEO Stefan Descheemaeker told analysts during a second quarter earnings call.
This comes as the parent company of Bird's Eye, Iglo, Findus unveils plans to buyback $500 million (€422.3 million) of its stock through a “modified Dutch auction” tender offer while at the same time sharpening its M&A focus "behind a targeted pipeline of European frozen food acquisitions."
