Valeo Foods Group acquires Slovakian company I.D.C. Holding

 

According to the press release, the acquisition accelerates Valeo Foods Group’s ambition to be the major sweet treats player of Europe. Producing a wide range of branded wafer, biscuit, sugar confectionary and seasonal chocolate products, I.D.C. Holding is a natural fit with Valeo Foods Group’s sweet snacking platform and would form the cornerstone for its operations in the fast-growing Eastern European market. I.D.C. Holding produces some of the most prestigious and recognisable sweet snack brands across Slovakia, Czech, Poland and Hungary.

In 2023, I.D.C. Holding had net sales of almost €200 million. They currently employ approximately 1,150 people people across three production sites located in Slovakia and three subsidiaries in Czech, Hungary and Poland. I.D.C. Holding’s highly branded product portfolio offers the opportunity for significant expansion of Valeo Foods Group. This includes its CandyPlus operation in the Czech Republic, Balconi business in Italy, Schluckwerder business in Germany among other markets and products.

The acquisition will deliver synergies across the value-chain and leverage Valeo Foods Group’s international sales platform. These efforts will substantially enhance the business's global performance, representing a pivotal step in Valeo Foods ambition to become a truly international enterprise.

Ronald Kers, Chief Executive Officer of Valeo Foods Group, 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. 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.”

Pavol Jakubec, Owner of I.D.C. Holding added “After 32 years of developing I.D.C. Holding from a local, traditional confectionary business into a major regional player in the category, operating from best-in-class manufacturing facilities, it is the right time for a new chapter in the development of this company. I am very excited to transition the business to Valeo Foods Group, who have a great track record of acquiring and successfully growing businesses in this space and are the best partner to work with our employees and business partners to support I.D.C. Holding in further growth and expansion.”