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  • CATEGORIES
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Balconi

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1 MIN READ

Ireland: Valeo Foods to acquire Italian cake brand Balconi

May 12, 2015
-
Europe, Food

Irish firm Valeo Foods, owner of the international bicuit brand Jacob’s, is to acquire the Italian cake company Balconi in a deal worth about €200 million ($223 million), according to an article in the Irish Times. Dublin-based Valeo will buy 80% of the Italian firm from the private equity firm Clessidra and 20% from Balconi, the family which founded the Milanese company in 1953. According to the Irish Times, the …

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