Nomad Foods announced Monday it has entered into an agreement to acquire Findus Switzerland from Froneri International Ltd, as well as certain intellectual property from an affiliate of Nestlé S.A, for approximately €110 million ($130.7 million) on a debt-free, cash-free basis.

Findus is the leading frozen food brand in Switzerland with a portfolio of value-added frozen products across categories such as fish, vegetables and ready meals.