[ad_1]
Global Eggs, set up by Brazilian investor Ricardo Faria, has expanded its presence in Spain with the acquisition of the El Granjero egg company.
Financial terms of the transaction were not disclosed but Faria said in a statement that family-owned El Granjero generates annual revenues of €70m ($81.8m).
“This acquisition not only brings valuable production capacity but also reinforces our commitment to growth in Europe,” he added.
El Granjero will join Global Eggs’ European business Hevo Group, which was created in 2022 through the integration of Dagu, Ous Roig, and Granja Agas.
Founded in the 1960s in Segovia, El Granjero is one of Spain’s major brands in egg distribution, Hevo Group said in a separate statement.
The business produces more than 26 million dozen eggs annually, employs around 90 staff, and operates three production sites in San Cristóbal de Cuéllar, La Olombrada, and Campas Pero, Hero Group added.
With this deal, Hevo Group increases its capacity to over 120 million dozen eggs annually, supported by five million birds, six grading centres, and 25 farms.
In November, Faria became Hevo Group’s majority shareholder, acquiring the stake from Madrid-based Cleon Capital and Austria’s Yana Investment Partners.
The Guadalajara-based company said El Granjero is also a leader in cage-free egg production backed by a planned €18m investment this year to accelerate the transition.
For Luxembourg-based Global Eggs, this is its second acquisition in Spain in 2025 following the purchase of Granja Legaria in May, which added one million laying hens to its operations.
Overall, the conglomerate now manages 43 million birds across 93 farms worldwide, including Brazil via Granja Faria, another company set up by Faria. Earlier this year, Global Eggs also entered the US with the acquisition of Hillandale Farms.
“Global Eggs acquires Spain’s El Granjero to expand European footprint ” was originally created and published by Just Food, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
[ad_2]
Source link
