Valeo Foods Group Completes the Acquisition of I.D.C. Holding

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Valeo Foods Group Completes the Acquisition of I.D.C. Holding

2025-01-09 22:42 Last Updated At：22:51

LONDON--(BUSINESS WIRE)--Jan 9, 2025--

Valeo Foods Group, one of Europe’s leading producers of quality sweets, treats and snacks, has completed its previously announced acquisition of I.D.C. Holding, a major independent producer of quality wafers, biscuits, confectionary and chocolate in Central and Eastern Europe.

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Mila (Photo: Business Wire)

Lina (Photo: Business Wire)

Horalky (Photo: Business Wire)

Pečivarne Sereď production site (Photo: Business Wire)

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Mila (Photo: Business Wire)

Lina (Photo: Business Wire)

Horalky (Photo: Business Wire)

Pečivarne Sereď production site (Photo: Business Wire)

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First established in Slovakia over a century ago, I.D.C. Holding is a transformative addition to Valeo Foods Group’s expanding portfolio. Producing a wide range of branded wafer, biscuit, sugar confectionary and seasonal chocolate products, I.D.C. Holding is a natural fit with Valeo Foods Group’s sweet snacking platform and would form the cornerstone for its operations in the fast-growing Eastern European market.

Commenting on the transaction Valeo Foods Group Chief Executive, Ronald Kers said, “We are delighted to complete this acquisition and welcome the team to Valeo Foods Group. The acquisition of I.D.C. Holding introduces complementary brands and opens the door to significantly strengthening our position in the Central and Eastern European market and solidifying our leading position with our international retail partners.”

"We are confident our market strategies will drive profitable growth through enhanced distribution, greater penetration and a cost-efficient supply chain. We expect the strength of our combined organisations to create value for years to come. With I.D.C. Holding joining Valeo Foods Group we can continue to build on our solid foundation underpinned by market leading brands, operational excellence and a strategic focus on becoming the undisputed sweet treats champion of Europe.”

About I.D.C. Holding

I.D.C. Holding is a major manufacturer of high-quality sweets products in Slovakia with a turnover of almost €200 million annually. The portfolio includes traditional and iconic brands such as Horalky, Mila, Lina, Kávenky, Goralki, Moments, Verbena and many others. The Group employs more than 1,150 people across three production sites located in Slovakia and three subsidiaries in Czech, Hungary and Poland.

About Valeo Foods Group

Valeo Foods Group is one of Europe’s fastest growing food groups and one of Europe’s leading producers and purveyors of quality sweets, treats and snacks. With revenues in excess of €1.6 billion, the Valeo Foods Group’s portfolio includes over 80 brands enjoyed by customers in over 100 countries around the world including Balconi, Pedro, Carstens, Jacobs, Barratt sweets, Fox’s Mints, Taveners, Poppets, Rowse Honey and Maple Crest. The Group employs over 4,500 people across 30 manufacturing facilities and offices in the UK, Italy, Germany, the Netherlands, Ireland, the Czech Republic and Canada. Valeo Foods Group is owned by leading global investment firm Bain Capital.

The NBA's stretch run has arrived. Here's a look at what's happening

Charlotte's surge to at least the play-in tournament and possibly the playoffs in the Eastern Conference has been fueled in large part by the 3-point shot.

And by season's end, it's well within reach that the top two 3-point shooters in the NBA this season — at least in terms of makes — both might be wearing Hornets uniforms.

Charlotte rookie Kon Knueppel leads the NBA with his Hornets-record 261 made 3s so far this season, and LaMelo Ball is currently third in the league with 243 makes from beyond the arc. Between them: the Los Angeles Lakers' Luka Doncic, who is set to miss some time with a hamstring injury.

Knueppel already has the NBA record for 3s made by a rookie as well.

“He definitely needs to celebrate,” Hornets coach Charles Lee said.

If Knueppel and Ball finish 1-2 in the final standings for made 3s, they would become the second set of teammates in NBA history to hold down the top two spots on that list for a full season. The other, as one would likely guess, were the “Splash Brothers” — Golden State's Stephen Curry and Klay Thompson, who finished first and second in the season standings in four consecutive seasons from 2013-14 through 2016-17 (and nearly did it in 2012-13 as well).

Other pairings have come close. Antoine Walker and Paul Pierce were second and third in made 3s for Boston in 2001-02 (behind Ray Allen, the then-future Celtic who was playing for Milwaukee at the time). And in 1992-93, Phoenix's Dan Majerle tied Indiana's Reggie Miller for the made-3s title, with Suns teammate Danny Ainge finishing third.

Here's what we know so far regarding the NBA playoff field for this season.

— Eastern Conference playoff teams: Detroit, Boston, New York, Cleveland are in. At this point, Atlanta and Philadelphia would get the other two guaranteed spots but those are not clinched.

— East play-in teams: Nobody is locked into the play-in yet, but entering Friday, the four teams headed there are Toronto, Charlotte, Orlando and Miami.

— East eliminated teams: Milwaukee, Chicago, Indiana, Brooklyn and Washington.

— Western Conference playoff teams: Oklahoma City, San Antonio, the Los Angeles Lakers, Denver and Houston are in. Minnesota is likely to grab the sixth and final guaranteed spot.

— West play-in teams: Phoenix is probably going to the play-in tournament. Portland, the Los Angeles Clippers and Golden State definitely are.

— West eliminated teams: Memphis, New Orleans, Dallas, Utah and Sacramento.

— Hornets 127, Suns 107: Charlotte clinches no worse than a .500 record.

— Pistons 113, Timberwolves 108: Detroit closing in on East No. 1 seed.

— Thunder 139, Lakers 96: Luka Doncic hurt, Lakers tie 7th-biggest loss in team history.

— Cavaliers 118, Warriors 111: Cleveland on brink of clinching top-4 seed.

— Trail Blazers 118, Pelicans 106: Portland made 20 3s, New Orleans made nine.

— Spurs 118, Clippers 99: Victor Wembanyama sits, Spurs win 11th straight anyway.

— Indiana at Charlotte: A winning record this season is going to get Hornets’ coach Charles Lee some award votes.

— Minnesota at Philadelphia: Massive implications seeding-wise for both teams.

— Atlanta at Brooklyn: Hawks closing in on Southeast Division title, possibly No. 5 seed.

— Chicago at New York: Knicks nearing the 50-win mark yet again.

— Utah at Houston: The Rockets know they can’t afford a slipup in this spot.

— Toronto at Memphis: Raptors need a few wins down the stretch to avoid play-in.

— Boston at Milwaukee: Bucks coach Doc Rivers faces his former team, a day before expected Hall of Fame formal announcement.

— Orlando at Dallas: Magic coach Jamahl Mosley enjoyed a lot of nights when he was on the Mavs’ staff. He desperately needs one of those good nights here.

— New Orleans at Sacramento: A pair of teams building for the future.

— Washington at Miami: Bam Adebayo scored 83 against the Wizards last month. The rematch!

— San Antonio at Denver: Wembanyama vs. Nikola Jokic in potential West playoff pairing.

— Detroit at Philadelphia: Sorry, Detroit. Michigan-Arizona Final Four game tips off during this one.

Friday on NBA TV: Chicago-New York.

Saturday on Prime: San Antonio-Denver.

Saturday on NBA TV: Detroit-Philadelphia.

Oklahoma City (+135) is favored to win the NBA title, according to BetMGM Sportsbook, followed by Boston (+550), San Antonio (+550), Denver (+1100), Cleveland (+1200) and New York (+1600). Detroit, on its way to the No. 1 seed in the East, is +2500.

— April 10: All 30 teams play their 81st games of the season.

— April 12: All 30 teams play their regular season finales.

— April 14, 15 and 17: NBA play-in tournament dates.

— April 18 and 19: NBA playoff series openers.

— May 2, 3 or 4: Conference semifinals begin.

— May 10: NBA draft lottery.

— May 10-17: NBA draft combine.

— May 17 or 19: Eastern Conference finals begin on ESPN and ABC.

— May 18 or 20: Western Conference finals begin on NBC and Peacock.

— June 3: Game 1, NBA Finals on ABC. (Other finals dates: June 5, June 8, June 10, June 13, June 16 and June 19).

The Thunder had 14 different players score in their win over the Lakers on Thursday night. There have been only seven games in NBA history, including playoffs, where a team saw more players score at least one point in the same game.

The Spurs are 27-2 since Feb. 1 — and have picked up only 3 1/2 games on Oklahoma City (23-5) in that span. (By the way, the best record in the East since that date belongs to Atlanta at 20-6.)

AP NBA: https://apnews.com/nba