IRELAND – Valeo Foods Group, one of Europe’s leading producers of sweets, snacks, and confectioneries, has agreed to acquire I.D.C. Holding, a major independent producer of wafers, biscuits, confectionery, and chocolate in Central and Eastern Europe.
The acquisition marks a significant expansion for Valeo Foods into the fast-growing Eastern European market.
I.D.C. Holding, which was founded in Slovakia over a century ago, has built a robust presence across Slovakia, Czech Republic, Poland, and Hungary, with its popular brands such as Horalky, Mila, and Lina.
These brands have become household names, boasting strong consumer recognition and loyalty in the region. In 2023, the company reported net sales of nearly €200 million (US$220.8M) and currently employs approximately 1,150 staff members.
Valeo Foods described the acquisition as “transformative” for its portfolio, emphasizing the strategic fit of I.D.C. Holding’s well-established sweet snack brands.
The acquisition will strengthen Valeo’s position in the Eastern European market, providing an essential foundation for future growth in the region.
“I.D.C. Holding’s highly branded product portfolio is a strong fit for Valeo’s existing business and offers the opportunity for significant expansion of Valeo Foods Group,” the company stated.
The acquisition is expected to deliver synergies across the value chain and capitalize on Valeo’s international sales platform, enhancing its ability to meet growing consumer demand for sweet snacks and confectionery.
Ronald Kers, Chief Executive Officer of Valeo Foods Group, said, “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. We are delighted that the team at I.D.C. Holding share our confidence and ambition to be the major sweet treats player in Europe.”
The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to be completed later in 2024.
This acquisition follows Valeo’s strategy of expanding its portfolio in the sweets and treats sector.
In July 2024, the company acquired Appalaches Nature, a Canadian maple syrup business, marking its second acquisition in North America.
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