Valeo Foods To Acquire Confectionery Firm I.D.C. Holding

By: Trademagazin editor Date: 2024. 09. 10. 09:47

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Valeo Foods Group has agreed to acquire I.D.C. Holding, a producer of wafers, biscuits, chocolates and other confectionery items in Central and Eastern Europe.

The deal, subject to closing conditions and regulatory approvals, is expected to be completed later this year, the company added.

I.D.C. Holding will complement Valeo Foods’ sweet snacking platform and support its expansion into the Eastern European market.

The acquisition will deliver synergies across the value chain and Valeo Foods Group’s international sales platform will provide I.D.C. Holding access to new markets.

Ronald Kers, chief executive officer of Valeo Foods, said, “This is a transformative acquisition for Valeo Foods Group. The inclusion of I.D.C. Holding within Valeo Foods Group will enhance our industry position, drive further growth in our portfolio and international footprint and allow us to meet growing consumer demand in this segment.”

In July, Valeo Foods acquired Appalaches Nature, a Canadian maple syrup business.

I.D.C. Holding’s product portfolio includes several sweet snack brands across Slovakia, Czechia, Poland and Hungary, including the Horalky, Mila and Lina brands.

In 2023, I.D.C. Holding generated net sales of almost €200 million. Currently, it employs approximately 1,150 people.

ESM