Valeo Foods completes Dal Colle acquisition

By William Dodds

- Last updated on GMT

Dal Colle manufactures products such as pandori, panettoni and croissants. Credit: Valeo Foods
Dal Colle manufactures products such as pandori, panettoni and croissants. Credit: Valeo Foods

Related tags Mergers & Acquisitions

Valeo Foods has completed the acquisition of leading Italian bakery products manufacturer Dal Colle for an undisclosed fee.

With a history dating back 120 years, Dal Colle produces more than 180 products spanning the bakery, sweet treats and snacks categories including pandori, panettoni and croissants. Meanwhile, its products are sold in 35 countries around the world.

As a producer of sweets, treats and snacks too, Valeo management views Dal Colle as a highly complementary addition to its expanding Italian platform and operations, which has been built following the initial acquisition of Balconi in 2015 and the subsequent acquisitions of Val D’Enza in 2017 and IDP Pattini in 2023.

With revenues in excess of €1.5bn, Valeo’s portfolio feature more than 80 brands sold in over 106 countries around the world, including Balconi, Carstens, Jacobs, Fox’s Mints, Poppets, Rowse Honey and Maple Crest.

The group, which is owned by global investment firm Bain Capital, employs over 4,500 people across 30 manufacturing facilities and offices in the UK, Italy, Germany, the Netherlands, Ireland, Czechia and Canada.

Commenting on the acquisition, Valeo CEO Ronald Kers said: “Dal Colle is a fantastic addition to the Valeo Foods portfolio which already boasts many of Europe’s finest and most established brands, with deep heritage and connections with consumers.

“On a commercial level it diversifies and strengthens our product offering and completes our range of quality confectionary and sweet treats in this market, ranging from iconic sponge cakes to wafers and biscuits. It also adds considerable new manufacturing and logistical capabilities to our Italian platform, which will support our growth ambitions in Italy and across Europe.

“This is very consistent with our vision to position Valeo Foods as the undisputed European sweet treats champion.”

Alberto Alfieri, CEO of Valeo Foods Italy & president of Balconi Spa, added: “We have long admired Dal Colle who share our passion for delivering high-quality products to consumers and their heritage range and operational footprint are highly complementary to Valeo Foods Italy and the Balconi business.

“We very much look forward to welcoming close to 90 new colleagues to our team and work with them to accelerate the growth of our enlarged Italian business.”

In other news, workers at three Whyte & Mackay distilleries have backed industrial action after opposing a pay offer.

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