Initially announced in September 2024, the acquisition of I.D.C. Holding is now complete. This strategic move will allow Valeo Foods Group to expand its footprint in Central and Eastern Europe.
While financial details of the transaction remain undisclosed, the incorporation of I.D.C. has been characterized as a “transformative” addition to Valeo’s growing portfolio.
Founded in Slovakia over a century ago, I.D.C. specializes in producing a diverse array of branded wafers, biscuits, sweets, and chocolates.
With an annual turnover of approximately €200 million, I.D.C. employs 1,500 individuals across three production facilities in Slovakia and subsidiaries in Czechia, Hungary, and Poland.
Looking ahead, I.D.C. will serve as the cornerstone of Valeo’s operations within the rapidly growing Eastern European market.
Deal ‘Strengthens Valeo’s Position’
“We are delighted to complete this acquisition and welcome the team to Valeo Foods Group,” stated Valeo chief executive Ronald Kers.
“The acquisition of I.D.C. Holding introduces complementary brands and significantly strengthens our position in the Central and Eastern European market, solidifying our leadership with international retail partners.”
Valeo generates revenues exceeding €1.6 billion annually, overseeing a portfolio that includes over 80 brands available in more than 100 countries. Notable brands include Jacobs, Barratt sweets, Fox’s Mints, Rowse Honey, and Maple Crest.
Backed by global investment firm Bain Capital, Valeo operates manufacturing facilities and offices throughout the UK, Europe, and Canada.
“We are confident our market strategies will drive profitable growth through enhanced distribution, greater penetration, and a cost-efficient supply chain,” added Kers.
“We anticipate the strengths of our combined organizations will create enduring value. With I.D.C. Holding joining Valeo Foods Group, we can continue to build upon our solid foundation, which is underpinned by market-leading brands, operational excellence, and a strategic focus on becoming the undisputed champion of sweet treats in Europe.”
Right Time for I.D.C.
When the acquisition was first announced, I.D.C. owner Pavol Jakubec remarked: “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.”
