SPAIN – Plukon Food Group, a poultry company based in the Netherlands, is purchasing Grupo Avícola Hidalgo, expanding its presence in Spain.
Grupo Avícola Hidalgo, a family-run business, operates facilities in Madrid, Valladolid, and Toledo, locations chosen to improve logistics and maintain a steady supply of fresh poultry.
The company supplies fresh and processed poultry products to retailers, foodservice providers, and business-to-business customers across Spain.
The financial terms of the deal have not been disclosed.
Grupo Avícola Hidalgo employs more than 400 people and recorded revenues exceeding US$104.3 million in 2024.
Plukon Food Group stated that the acquisition will strengthen its position in Spain and contribute to its broader expansion strategy in Europe.
This transaction follows Plukon’s purchase of Spanish poultry processor Sambau last year.
Plukon Food Group CEO Kees Kraijenoord said the deal supports the company’s goal of expanding in Europe’s poultry industry and will help accelerate growth.
The management team at Grupo Avícola Hidalgo, including members of the founding Hidalgo family, will remain with the company after the acquisition.
Plukon Food Group operates 38 facilities across seven European countries.
The company generated approximately US$3.43 billion in revenue last year.
In April 2024, Plukon acquired the assets of Polish poultry company Algas SP.
Later in October, Plukon bought HKScan’s Danish subsidiary for US$48 million.
This comes after yet another acquisition in recent months.
Towards the end of 2024, the company received final approval from the Danish Competition Authority to acquire HKFoods’ operations in Denmark, with plans to finalize the transaction by the end of October 2024.
The move would see the transfer of ownership of HKFoods’ Danish subsidiary and its employees to Plukon upon completion.
Plukon initially announced the acquisition on May 2, 2024.
The acquisition involved two of HKFoods’ production facilities in Vinderup and Skovgaard, along with the Rose consumer brand, which is well-known in Denmark.
In 2023, HKFoods’ Danish operations generated EUR 230 million in sales, with a comparable EBIT of EUR 3.3 million (US$3.5M), and employed approximately 680 people.
Kees Kraijenoord, CEO of Plukon Food Group, described the acquisition as a pivotal moment for the company’s expansion into the Nordic region.
He emphasized that the integration process would focus on enhancing operational capabilities while maintaining a smooth transition for the personnel involved.
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