The Findus Group, one of the leading food and frozen seafood product companies in Europe, recently announced an initial agreement with Nestlé Spain to acquire its ready-to-serve foods division, La Cocinera.
With this operation, which includes transferring the brand La Cocinera and the operations of its Valladolid plant, the British group, Findus, sets out to establish its first production centre in Spain as well as bolstering its commercial positioning in southern Europe. For its part, this agreement is the latest in a series of sales made by Nestlé© aimed at focusing on more profitable lines of business.
The transaction, subject to the approval of the Spanish authorities on competition, whose economic terms are as yet unknown, promises not to leave the European frozen industry indifferent, particularly the suppliers of this food giant, since Findus will expand its already extensive catalogue of products with a presence in the main frozen foods categories: vegetables, ready-to-serve dishes, pizzas and fish.