European sweets and snacks producer Valeo Foods Group has acquired Italian bakery company Dal Colle.

Dal Colle, which produces a range of bakery products, sweet treats and snacks including pandori, panettone and croissants, is sold in over 35 countries around the world. With heritage dating back 120 years, the company now has a range of over 180 products.

Valeo Foods, which boasts revenues in excess of €1.5 billion, has over 80 brands in its portfolio and is consumed in over 106 countries. Brands under the Valeo Foods name include Jacobs, Fox’s Mints, Poppets and Rowse Honey, with Valeo employing over 4,500 people across 30 manufacturing facilities globally.

Ronald Kers, CEO of Valeo Foods Group, 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 and president of Balconi Spa, said: “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.”