Valeo Foods, the Irish food firm, has announced the acquisition of IDC Holding, an independent producer of wafers, biscuits, and confectionery in Central and Eastern Europe, for an undisclosed sum. The acquisition is said to include the CandyPlus operation in the Czech Republic, the Balconi business in Italy, and the Schluckwerder business in Germany, which together employ around 1,150 staff. The company’s 2023 net sales were nearly €200 million. Commenting …
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Valeo Foods
Valeo Foods, the Irish food firm, has announced the acquisition of Appalaches Nature, a Canadian maple syrup business, marking its second acquisition both in North America and in the maple syrup sector. Founded in 2018, Appalaches Nature is a supplier of maple syrup to European, Canadian, and U.S. markets, operating from a 100,000 sq ft facility in Thetford Mines, Quebec. Valeo Foods also acquired Les Industries Bernard & Fils in …
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 …
Valeo Foods, the diversified food company, has announced plans to close a facility in the UK city of Liverpool that manufactures confectionery products. First acquired by the company in 2018, the factory employs 100 staff and is dedicated to the manufacture of the Taveners brand range of products, which includes traditional sweets such as caramels, mallows, gums and jelly. Valeo Foods UK supply chain director Lee Nicholls is reported as …
Valeo, the Irish food firm, is to acquired the UK puddings business Bakery Foods, trading as Matthew Walker, from the UK food giant 2 Sisters in a deal worth £67 million ($85 million), according to a FoodBev report. Based in Derbyshire where it operates a factory employing 200 staff, Matthew Walker produces Christmas puddings, sponge puddings and other traditional British desserts under its namesake brand for both retail and foodservice …
Campbell Soup, the US foods manufacturer, is continuing to shed non-core businesses, this time striking a deal to offload its European crisps business, including the Kettle brand, to the Irish firm Valeo Foods. The US company said it would use the proceeds from the sale, which is valued at around £66 million ($79 million) to reduce debt. Campbell Soup’s European Chips business includes UK-based Kettle Foods and Netherlands-based Yellow Chips. Headquartered in Norwich, …
Valeo Foods, the Irish food firm, is acquiring the UK sweetmaker Tangerine Confectionery from private equity fund Blackstone in a deal worth in excess of £100 million ($127 millino), according to Sky News and Food Manufacture reports. The acquisition is said to include manufacturing sites in Pontefract, York, Blackpool, Cleckheaton and Liverpool that together employ more than 1,000 staff, and will bring together traditional confectionery brands including Poppets, Fox’s, XXX, Barratt’s, Dip …
Valeo Foods, the Irish foods company, is acquiring the confectionery arm of Finnish firm Raisio for an enterprise value of €100 million ($121 million). Raisio, predominantly known as the owner of the international Benecol brand, said that its confectionery operations in the UK and the Czech Republic would be transferred to become part of Valeo Foods via a share transaction. Raisio’s confectionery business includes the brands Poppets, Fox’s, XXX, Just and …
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