Balconi

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 …