Birds Eye Iglo -- which acquired Findus Italy from the consumer goods giant Unilever for €805 million ($1.2 billion) ($1.04 billion) last year – is in the process of integrating the Italian business into the group and is already seeing solid sales and earnings contributions, Glenn said.

According to Birds Eye Iglo’s annual report, the Italian business contributed €121.8 million ($177.8 million) in sales and €16 million ($23.4 million) in earnings before interest, taxes, depreciation and amortization (EBITDA) since it was acquired on Oct.