The deal was first announced in September 2024 and now complete will enable Valeo to expand its presence in Central and Eastern Europe.
No financial details of the deal have been released, but the addition of I.D.C. was described as a “transformative” addition to Valeo’s expanding portfolio.
Established in Slovakia more than 100 years ago, I.D.C. produces a vast range of branded wafers, biscuits, sweets and chocolates.
The firm has an annual turnover of around €200m and employs 1,500 people across three production sites located in Slovakia and three subsidiaries in Czechia, Hungary and Poland.
Moving forward, I.D.C. will form the cornerstone of Valeo’s operations in the fast-growing Eastern European market.
Deal ‘strengthens Valeo’s position’
“We are delighted to complete this acquisition and welcome the team to Valeo Foods Group,” commented Valeo chief executive Ronald Kers.
“The acquisition of I.D.C. 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.”
With revenues in excess of €1.6bn per year, Valeo manages a portfolio that includes more than 80 brands consumed in over 100 countries around the world including Jacobs, Barratt sweets, Fox’s Mints, Rowse Honey and Maple Crest.
Owned by global investment firm Bain Capital, Valeo has manufacturing facilities and offices in the UK and across Europe and Canada.
“We are confident our market strategies will drive profitable growth through enhanced distribution, greater penetration and a cost-efficient supply chain,” continued Kers.
“We expect the strength of our combined organisations to create value for years to come. With I.D.C. Holding joining Valeo Foods Group we can continue to build on our solid foundation underpinned by market leading brands, operational excellence and a strategic focus on becoming the undisputed sweet treats champion of Europe.”
Right time for I.D.C.
Speaking when the deal was first announced, I.D.C owner Pavol Jakubec commented: “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.”
