After more than three decades, the traditional Slovak manufacturer of durable baked goods, the company I.D.C.Holding, a.s., found itself in the hands of a new foreign owner.Pavol Jakubec, the previous owner of the company, signed an agreement on the sale of all shares with the Irish food group Valeo Foods Group, which is owned by Bain Capital, a global investment giant..
Strengthening the Eastern European market
This acquisition is expected to bring mutual synergies, with Valeo Foods planning to strengthen its position in the fast-growing Eastern European market.The group, which operates in 106 countries and has an annual turnover of over 1. 5 billion euros, plans to integrate into its portfolio Slovak brands that have been loved by customers all over Europe.
Valeo Foods will become the new owner of well-known brands such as Horalky, Mila, Kávenky and others, which are market leaders in several countries.’Horalky’ has even become a synonym for wafers in and around Slovakia.Approximately 250 million pieces are produced annually, which only underlines their popularity.
Investments in production and modernization
Production of I.D.C.The holding is concentrated in the plant in Seredi, where almost 100 million euros have been invested in recent years.Thanks to these modernizations, the company secured a strong position among the leading food players in Central Europe, with annual production reaching up to 35,000 tons.
Future under foreign ownership
Valeo Foods, supported by the experience of Bain Capital, aims to further develop the company and its brands.However, the acquisition is still subject to regulatory approval, with the transaction expected to close by the end of 2024.
This step represents a new chapter for iconic Slovak products, which are known not only at home, but also abroad.The company is thus preparing for further growth and expansion of its presence on the international market.
