Nomad Foods, a company established a year ago by consumer goods tycoons Martin Franklin and Noam Gottesman, is about to buy Iglo, which is the owner of Birds Eye, the Financial Times reported.
The deal, to be announced Monday in London, will be paid for in cash. Iglo’s current owner, the private equity group Permira, will hold on to 9 percent of the company.
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Noam Gottesman holds Israeli, U.S. and U.K. citizenship, and was listed in 2014 on Forbes’ list of the 400 richest people in America, with $2 billion.
Martin Ellis Franklin is a Co-Founder of Jarden Corporation, a leading provider of a diverse range of consumer products with over 120 brands sold globally. In 2013, Jarden Corporation delivered $7.4B in Net Sales and had total assets of $10.1 billion.