Findus Group, one of Europe’s leading frozen food producers, has announced the expansion of its operations into Belgium, via the acquisition of the Lutosa branded retail business.
Lutosa produces French fries and specialty potato products, accounting for approximately 15 percent of the Belgian retail market for frozen potatoes, according to the acquisition announcement issued by Findus Group. Among the specialties produced by Lutosa are potato wedges, croquettes and rösti as well as French fries.
Lutosa had been previously owned by the PinguinLutosa Group and was sold by McCain as a condition of European competition authorities’ clearance for that group’s acquisition by McCain, due to an “overlap” between the two businesses, particularly in frozen French fries.