Valeo Foods Group, one of Europe’s leading producers of sweets, treats and snacks, has agreed to acquire I.D.C. Holding, a major independent producer of wafers, biscuits, confectionary and chocolate in Central and Eastern Europe.
First established in Slovakia over a century ago, I.D.C. Holding produces some of the most prestigious and recognisable sweet snack brands across Slovakia, Czech, Poland and Hungary. The Horalky, Mila and Lina brands hold prestigious positions within the Czech and Slovak markets with strong consumer recognition and loyalty throughout the region.
In 2023, I.D.C. Holding had net sales of almost €200 million. They currently employ approximately 1,150 people.
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. 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.
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, said: “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.”
The transaction is subject to customary closing conditions, including regulatory approvals and is expected to complete later in 2024.