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NOMAD FOODS ENTERS INTO EXCLUSIVE NEGOTIATIONS TO ACQUIRE FORTENOVA GROUP’S FROZEN FOOD PORTFOLIO

Nomad Foods Limited (NYSE: NOMD) announced today that it has entered into exclusive negotiations to acquire Fortenova Group’s Frozen Food Business Group (FFBG), which includes Ledo, Frikom and other leading frozen brands.

This prospective transaction is aligned with management’s strategy of complementing strong organic growth in the base business with the acquisition of market leading frozen food brands across Europe.

FFBG has a leading European frozen food portfolio of iconic local brands with strong consumer awareness in Croatia, Serbia, Bosnia & Herzegovina and several other countries in Southeastern Europe. It is the market leader in these regions where it operates across numerous categories including fish, fruits, vegetables, ready meal, pastry and ice cream.

The acquisition of FFBG would extend Nomad’s portfolio into new and developing European markets while also creating a beachhead for potential future consolidation within Central and Eastern Europe.

These discussions are preliminary and there can be no assurance that a transaction will be completed. The company does not intend to provide further updates unless there is a definitive outcome to the discussions.

OAKLAND INTERNATIONAL APPOINTS DALE FIDDY AS NON-EXEC DIRECTOR

Total supply chain solutions specialist, Oakland International, has appointed Dale Fiddy as their first Non-Exec Director, with a focus on commercial propositions and market opportunities.

Holding senior roles with a number of blue-chip organisations over his 20-year plus supply chain, logistics and chilled food sector career, Dale’s proven track record for developing commercial strategies, most recently at Fowler Welch, will see him support Oakland’s Main Board of Directors, centring his expertise on growing the Oakland business value proposition, and stimulating both interest and opportunities for new organic business growth.

Commenting on his appointment, Shaun Foley Managing Director said: “We are delighted to welcome Dale to Oakland International.

“He brings with him significant insight into the UK logistics market and will play a key role in supporting our continuous growth and expanding business offering.”

A specialist in contract packing, storage, picking, food distribution and a brand development support provider for ambient, chilled and frozen food to the retail, convenience, discount, wholesale and food service markets in the UK, Ireland and via their partner in Spain, Oakland International is working towards becoming the first carbon-neutral business within their sector and is BRC AA accredited and a double Queen’s Award for Enterprise recipient for International Trade and Sustainable Development.

Dale commented: “Oakland is an incredibly innovative multi-temperature food logistics specialist that has an established record for successfully winning and delivering complex logistics solutions for its wide-ranging Customer base.

“Successful leadership teams need a healthy mix of talent, ability and expertise, to develop intelligent strategies that underpin profitable sustainable growth. My appointment adds strength to the considerable experience and skills already assembled around the Oakland Board table, accelerating the process, and building on the significant achievements of the business to date.

“I relish the opportunity of assisting the Board and the wider team in continuing to develop the Oakland business and brand, and to successfully compete for targeted commercial partnerships that will take the company to the next level of its natural evolution.”

REED BOARDALL ANNOUNCES PLANNED COLD STORE FACILITY INVESTMENT

Temperature controlled food storage and distribution business Reed Boardall is continuing to invest in expansion at its North Yorkshire facility following a year of steady growth in revenue alongside improvements in operating efficiencies.

In line with its pre-COVID plans, the company has undertaken work on an extension to one of the cold stores at its 55 acre site in Boroughbridge, North Yorkshire, which will once again make it the largest and most modern cold store site in the UK, increasing capacity to 168,000 pallets.

Reed Boardall’s latest financial results (year ending 31 March 2020) show that underlying turnover grew by 8.9%, rising to £68.4m from £62.8m the previous year, driven by higher volumes through its cold store and transport operation, together with rising use of its ancillary blast freezing, picking and packing services.

PARAMOUNT APPOINTS TWO NEW MEMBERS TO BOARD OF DIRECTORS

Award-winning Devon-based manufacturer Paramount 21 is pleased to announce two new appointments to their Board of Directors.

Helen Cornish has been promoted to Innovation and Technical Director. Helen joined the company in 2013 and her enthusiasm, drive and commitment has not gone unnoticed. Her focus and dedication to an area of the business that is vital to the ongoing development and growth of the company, has undoubtedly helped the business move forward. Most notably through these latest most challenging of times, her dedication and calmness has been of paramount importance.

MD Jon Phillips commented that “This announcement confirms the high regard in which Helen is held both by Paramount and the wider group of customers and suppliers with which she works, her positive contribution will help to shape the business into the future and always ensure we keep quality and innovation at the core of what we do.”

Helen commented “I’m very happy to be joining the Board at Paramount.  We have a great team within the business and I look forward to working with everyone to strengthen our position into 2021 and the future.”

Jenny Kenyon has been promoted to Marketing Director. Jenny joined the company in 2019 and is passionate about making a difference which she started to do from the moment she joined the business. Her ease of communication with both internal and external stakeholders, and her clarity of thought will shape Paramount for the future.

“It’s important for the future of the business that we embrace the ideas of the next generation of leaders” says Ali Hannaford Executive Chairman of Paramount 21 Ltd, ” Jenny’s clarity of vision is important to the business and she joins a Board of Directors who are committed to the long term sustainability not only of our ingredients but also of the company”.

MD Jon Phillips commented “Jenny’s appointment as Marketing Director is a recognition of the impact she has had on the business since joining last year and I am sure her contribution will go a long way to towards the business achieving its goals in the future and allow it to make a positive contribution to wider community in which it operates.”

Jenny commented “I’m absolutely delighted to be joining the Board at Paramount. The whole Paramount team are incredibly dedicated and a joy to work with, so I’m looking forward to everything to come for the future.”

BIDFOOD DUO RECOGNISED FOR GOING THE EXTRA MILE DURING COVID IN NEW YEAR HONOURS LIST 2021

After an extra-ordinary year, where many people within the industry have gone way beyond the extra mile to help others, Bidfood’s CEO, Andrew Selley, expressed his pride that two of his team – Jim Gouldie, (Supply Chain and Technical Services Director), and Steve Clarke, (Managing Director, Wholesale) – have been singled out for their commitment and support to hospitality sector and those in need during Covid – with recognition in the New Year Honours List 2021.

Both Steve and Jim have been awarded an MBE for their services to the vulnerable during the course of pandemic.

According to Andrew, Steve and Jim did not stop working “night and day” for weeks, giving their all, in order to make sure supplies were kept running and reached people that needed them the most:

“Many people went the ‘extra mile’ during 2020 and Jim and Steve were at the forefront of everything that epitomises the very best in helping others across a period of great adversity.

“During that first lockdown, there was worry, fear, and concern around the continuity of food supply across our customers such as hospitals, schools and local councils who were trying to meet the needs of their customers and protect the vulnerable. There were complexities to be considered – not just residents in care, or patients in hospitals, but ensuring the essential frontline staff working across these sites could be fed whilst working and had access to food supplies when they finished their shifts.  All in addition to setting up the shield pack initiative in just seven days to feed clinically vulnerable people who had to self-isolate at home”.

“Jim and Steve worked tirelessly to ensure continuity of supplies and service to customers whilst dealing with the unknown. Whether addressing availability challenges as manufacturers struggled to maintain production levels, (with social distancing or closed facilities), delayed food imports, contingency planning for Brexit, or juggling excess stocks when much of the hospitality sector had to close its doors, and mitigating the food waste that could have resulted.”

“All of us at Bidfood are immensely proud of what Jim and Steve have achieved, and this honour could not have been bestowed on two more worthy individuals. They are both incredibly modest and I know they will say that this recognition is for the whole Bidfood team.”

Jim – who oversees supply operations, stock and replenishment, property and facilities, technical services, and quality processes and standards – worked tirelessly to balance supply against demand and maintain levels of service and availability to customers, and meet their changing needs; which included providing food to the public when Bidfood opened its doors and offered click and collect and home delivery services to those struggling to access deliveries from supermarkets.

Steve – who is responsible for all of Bidfood’s depot operations and 3,500 employees across the UK – was responsible for putting in place and implementing new ‘safe systems’ and ways of working, as well as contactless deliveries to protect customers, the public and staff as the pandemic took hold.  He set up twelve packing houses and created a production model and schedules that would ensure Bidfood had adequate product, resource and capacity to meet all needs.

Both Jim and Steve worked an average of 18 hours a day (often into the early hours of the morning), seven days a week and without taking a single day off for over two months.

Speaking of his MBE, Steve says:

“I know I speak for both Jim and myself in saying that we are totally bowled over and humbled, and very honoured to have been recognised in this way.  And I would like to highlight all our colleagues and the role each and every person played in making things happen and ultimately, in making a real difference to many people’s lives during 2020”.

Andrew concluded:

“Both Steve and Jim truly moved mountains to help those most in need.  To us they are true heroes and we cannot express how delighted everyone is within the Bidfood business that they have received this recognition”.

DEFRA FOOD WHOLESALE SECTOR SURVEY

The latest Defra industry sector survey (link to survey here) requests information covering wholesale food sector and provides a key opportunity for businesses to share intelligence with the government on the impacts that the end of the EU Withdrawal transition period and, additionally, the new COVID lockdown restrictions have had and are having on the sector.

Following the announcement of national lockdown, the Chancellor has announced further support available to help businesses. Further, detailed information is available here. The business support schemes continue to distinguish between businesses that have been forced to close and those which may continue to operate but are nonetheless significantly impacted by related closures. For the latter group, additional funding has been made available to the Additional Restrictions Grant scheme (ARG), which will be administered by local authorities. Guidance bringing wholesalers clearly within scope of the ARG has been provided to local authorities, which have been urged to make prompt award decisions and payments. Wholesalers are encouraged to apply for this tailored assistance. Wholesalers will also continue to be able to utilise the Coronavirus Job Retention Scheme (CRJS), which will now remain open until the end of April 2021.

We are aware that wholesale operations are significantly impacted by enforced closure of client businesses and, in particular, by the reduced demand arising from hospitality and leisure industry closures. We are also aware of existing and related business concerns over debt, storage, waste and changing unit costs for supplying the public sector services which remain operational. We are grateful for recent representations to the Department on these and related matters.

We are strongly encouraging participation in the current survey in order to support our aim of keeping the situation in the wholesale sector under close review through continued evidence gathering, quantification and dialogue with the sector and its representative bodies including the Federation of Wholesale Distributors, in order that effective discussions can continue in the Wholesale Task and Finish Group and appropriate representations within government can be made as and when needs arise.

Take the survey by clicking HERE

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