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Valeo Foods Group, a player in the European sweets and snacks market, has finalised its acquisition of IDC Holding, an independent producer of wafers, biscuits and confectionery based in Central and Eastern Europe.
This move is expected to bolster Valeo's presence in a rapidly growing market segment.
The announcement of the acquisition first emerged in September 2024, when Valeo Foods Group revealed its intention to acquire IDC Holding.
IDC Holding, established over a century ago in Slovakia, generates nearly €200 million in annual revenue and boasts a diverse portfolio that includes well-known brands such as Horalky, Mila and Lina.
The acquisition will enhance Valeo's sweet snacking platform, providing a solid foundation for expanding operations in Eastern Europe.
Ronald Kers, chief executive of Valeo Foods Group, said: "The acquisition of IDC Holding introduces complementary brands and opens the door to significantly strengthening our position in the Central and Eastern European market and solidifying our leading position with our international retail partners”.
He continued: "We are confident our market strategies will drive profitable growth through enhanced distribution, greater penetration and a cost-efficient supply chain. We expect the strength of our combined organisations to create value for years to come."
The acquisition aligns with Valeo's broader strategy to become a leader in the sweet treats category across Europe. With more than 80 brands in its portfolio and revenues exceeding €1.6 billion, Valeo is well-positioned to leverage IDC Holding's established market presence and product offerings.
IDC Holding operates three production sites in Slovakia and additional subsidiaries in the Czech Republic, Hungary and Poland, employing over 1,150 people.
The integration of these facilities into Valeo's operations is expected to enhance operational efficiencies and expand the company's footprint in the region.
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