date:Dec 17, 2012
tform to roll up other frozen foodmakers suchas Findus.
Yet Findus' owners reckon it is now on a viablefinancial footing, with a fresh set of financial covenants, andcapable of riding out the downturn. It generated operating cashflow of 102 million last year and has been able to pass on someof the 150 million in input inflation, much of it from seafoodsuch as salmon and shellfish, sustained since 2008.