Findus Switzerland AG

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Findus Switzerland AG - overview

Established

1941

Location

-, -, Switzerland

Primary Industry

Food

About

Founded in 1941, Findus Switzerland AG is a frozen food company specializing in a diverse range of fish and seafood products, poultry, meat, and plant-based alternatives, catering to modern consumers' meal solutions. Findus Switzerland AG, based in Switzerland, is known for its extensive frozen food offerings. The company was acquired by Nomad Foods in November 2020 for approximately EUR 110 million, marking a significant pivot in its ownership structure. The company was originally founded in 1941 and has focused on developing quality frozen products since its inception.


Findus operates from its headquarters in Switzerland, though specific global office locations are not mentioned. The founder's detailed history and any prior ventures are not available. Findus Switzerland specializes in a diverse range of frozen food products, focusing primarily on fish and seafood, poultry, meat, and plant-based alternatives. Their core offerings include various fish products such as breaded fish sticks, seafood specialties, and ready-to-cook items like fish and chips.


Additionally, the company provides a selection of vegetable dishes, gratins, and snacks, catering to different dietary preferences, including gluten-free and lactose-free options. Findus targets both retail and food service markets, supplying major supermarkets and restaurants across Switzerland and other European markets. Their products are designed to offer convenient meal solutions that meet modern consumers’ demands for quality, taste, and sustainability. Findus Switzerland generates revenue primarily through direct sales of its frozen food products to retailers and food service operators.


The company engages in B2B transactions, supplying large supermarket chains and restaurants with its extensive product range, including its flagship offerings like the FINDUS Schlemmerfilet. The pricing structure typically revolves around bulk purchasing agreements with retailers and wholesalers, enabling competitive pricing for individual products in the marketplace. Through these relationships, Findus ensures a consistent supply of its products, promoting brand loyalty among consumers who seek high-quality frozen meal options. The revenue model is underpinned by both the volume of sales and the strategic partnerships established within the food distribution network.


Following its acquisition by Nomad Foods in November 2020, Findus Switzerland AG aims to leverage its new parent company's resources for expansion. The company is planning to innovate and launch new frozen product lines in the coming years, although specific release dates have not been disclosed. Additionally, Findus is exploring opportunities for market expansion into other European countries, with a focus on increasing its presence in regions where frozen food demand is rising. The funding from the recent acquisition will be utilized to support these growth initiatives, enhancing product development and market outreach.


Primary Industry

Food

Sub Industries

Snack Foods, Food, Canned/Frozen Fruit & Vegetables

Website

www.findus.ch/

Total Amount Raised

Subscriber access only

Findus Switzerland AG - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedFindus Switzerland AG-

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