Leading European sweets and snacks producer Valeo Foods has announced it has reached a deal to acquire the assets of Dal Colle, an Italian manufacturer of baked goods.
With distribution in over 35 countries, Dal Colle is renowned for a 180-strong range of sweet bakery items including croissants and the traditional Italian cakes pandoro and panettone.
Commenting on the deal, CEO of Valeo Foods Italy & president of Balconi Spa Alberto Alfieri said: “We have long admired Dal Colle who share our passion for delivering high-quality products to consumers and their heritage range and operational footprint are highly complementary to Valeo Foods Italy and the Balconi business. We very much look forward to welcoming close to 90 new colleagues to our team and work with them to accelerate the growth of our enlarged Italian business”.
With a portfolio of over 80 brands, Valeo Foods distributes its products in over 180 countries and has plants and offices in the UK, Italy, Germany, the Netherlands, Ireland, the Czech Republic and Canada.
Source: Valeo Foods