IDC Network-backed Valante Capital completed the acquisition of American Foods.

IDC Network-backed Valante Capital, the Private Equity firm, completed the acquisition of American Foods, a distributor of consumer goods from the US to Latin America. Financial terms were not disclosed. "IDC, Valante, and Vitali Alimentos represent, in our view, the future of the region. It is an honor to have signed this strategic alliance with a dedicated team committed to offering competitive prices in the market and to expanding our brands into areas where we are not yet present," Frank Stanzione, American Foods CEO.