The European frozen sector is on the eve of a wave of consolidation, with Iglo Foods Group expected to take an active part, reported Les Echos.
Despite steady growth, the European frozen market is still very segmented with the $32 billion (€23.5 billion) turnover spread out across many companies.
Permira-owned Iglo is the No.1 in the market, controlling about 8 percent of sales, with an estimated turnover of €2.8 billion ($3.8 billion) for 2012, followed by Swiss giant Nestlé, whose market share is 3, 5 percent, and German company Oetker and Findus, with a turnover of just over €1 billion ($1.4
