IDAK Food Group Sells Founding Business Kadi to Invision
Switzerland-based IDAK Food Group has sold its founding business, potato products manufacturer Kadi, back to local private-equity firm Invision. The move is part of a strategic shift for IDAK to focus exclusively on baked goods following the acquisition of French bakery company Onoré in January 2026. Kadi was central to building IDAK Food Group into a pan-European frozen-food business, but it will now return under Invision's majority ownership. The management team at Kadi will retain a minority stake and continue operations as usual. Christof Lehmann, former CEO of IDAK, is set to become chairman of the board for Kadi while remaining on IDAK’s board. IDAK Food Group employs around 2,400 people across Europe with annual turnover exceeding SFr480m ($516 million). In contrast, Kadi generated over SFr90m in revenue and employed about 190 workers as of 2025.
