The Findus Group began as Elizabeth Young’s whitebait stall in Greenwich in 1805 and is now one of Europe’s biggest frozen and chilled-food groups. Its subsidiaries include Young’s and the Seafood Company, and an estimated 20m people eat its products each week. Lion Capital led a recent restructuring that included a £220m cash injection, over half of which will be used to pay down debt. In April, James Hill took over as chief executive, just as the horsemeat scandal hit. Findus reported sales of £1.1bn in 2011.
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