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Valeo Foods Group has agreed to acquire IDC Holding, a major independent producer of wafers, biscuits, confectionery and chocolate in Central and Eastern Europe for an undisclosed sum.

IDC was first established in Slovakia over a century ago. Valeo described the company as a ‘transformative’ addition to its expanding portfolio, adding that its portfolio of branded biscuit, sugar confectionery and seasonal chocolate products make it a ‘natural fit’ with Valeo’s sweet snacking platform. IDC will form the cornerstone for Valeo’s operations in the fast-growing Eastern European market.

Among IDC’s sweet snack brand portfolio across Slovakia, Czech Republic, Poland and Hungary, are the Horalky, Mila and Lina brands. These hold strong positions within the Czech and Slovak markets, with wide consumer recognition and loyalty throughout the region.

In 2023, IDC had net sales of almost €200 million. The company currently employs approximately 1,150 members of staff. Its portfolio offers opportunities for significant expansion of Valeo Foods Group, including its CandyPlus operation in the Czech Republic, Balconi business in Italy, and its Schluckwerder business in Germany among other markets and products.

Through the deal, the companies aim to offer a ‘broad and compelling’ sweet snack portfolio backed by high-quality manufacturing and distribution capabilities. The acquisition will deliver synergies across the value chain and leverage Valeo Foods Group’s international sales platform, enhancing the business’ global performance.

Ronald Kers, CEO of Valeo Foods Group, said: “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.”

IDC Holding’s owner, Pavol Jakubec, commented: “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”.

Jakubec added: “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 IDC Holding in further growth and expansion.”

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