Investor-backed Valeo Foods Group has made significant strides in recent weeks, having completed its second acquisition in just six weeks by purchasing IDC Holding, a central European snacking business.
Based in Dublin, Valeo Foods Group is owned by Bain Capital and includes well-known brands such as Rowse honey, Kettle crisps, and Jacob’s biscuits. The company expressed that this acquisition represents a pivotal milestone in its vision to evolve into a truly international entity within the food and beverage industry.
While financial details of the deal remain undisclosed, IDC Holding has a deep-rooted history, having been established over a century ago in Slovakia. The company specializes in producing a variety of branded wares, biscuits, sugar confectionery, and seasonal chocolates.
With its strong market presence, IDC manufactures popular snack brands like Horalky, Mila, and Lina, which are well-recognized across Slovakia, the Czech Republic, Poland, and Hungary. The company supports approximately 1,150 employees across three production sites and generates net sales nearing €200 million ($221.8 million). Additionally, IDC operates subsidiaries in the Czech Republic, Hungary, and Poland.
This acquisition closely follows Valeo’s earlier purchase of Appalaches Nature, a Canada-based maple syrup manufacturer, positioning Valeo for accelerated growth in the food and drink business.
In its announcement, Valeo indicated that IDC’s product offerings align well with its existing portfolio, which includes brands such as CandyPlus in the Czech Republic, Balconi in Italy, and Schluckwerder in Germany. The integration of IDC’s diverse range of sweet snacks will enhance Valeo’s ability to meet growing consumer demands for quality products in the marketplace.
Valeo CEO Ronald Kers remarked, “This is a transformative acquisition for Valeo Foods Group. The inclusion of IDC 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 IDC Holding share our confidence and ambition to be the major sweet treats player in Europe.”
Pavol Jakubec, owner of IDC Holding, articulated his enthusiasm regarding the transition, stating, “After 32 years of developing IDC Holding from a local, traditional confectionery 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, which has a great track record of acquiring and successfully growing businesses in this space and is the best partner to work with our employees and business partners to support IDC Holding in further growth and expansion.”
As Valeo Foods Group continues to expand, it now boasts over 80 brands in its portfolio and generates revenues exceeding €1.5 billion. This strategic move aligns with industry trends indicating a consolidation in the food and beverage market, showcasing Valeo’s ambition to be a leading player in meeting evolving food and drink consumer trends.
