Valeo Foods to acquire I.D.C. Holding.

Valeo Foods, a producer of quality sweets, treats and snacks, agreed to acquire I.D.C. Holding, an independent producer of wafers, biscuits, confectionary and chocolate in Central and Eastern Europe. Financial terms were not disclosed. “This is a transformative acquisition for Valeo Foods Group. The inclusion of I.D.C. 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 I.D.C. Holding share our confidence and ambition to be the major sweet treats player in Europe,” Ronald Kers, Valeo Foods Group CEO.