Netherlands-based poultry major Plukon Food Group has bought Grupo Avícola Hidalgo, its latest acquisition in Spain.
A family-owned business, Grupo Avícola Hidalgo operates production facilities in Madrid, Valladolid, and Toledo, which are “strategically located” to optimise logistics and ensure a stable fresh poultry supply.
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The company sells fresh and value-added poultry products to retail, B2B and foodservice customers in Spain.
The financial details of the deal have not been disclosed.
Employing more than 400 people, Avícola Hidalgo posted revenues of over €100m ($104.31m) in 2024.
In a statement, the Dutch poultry manufacturer said that Avícola Hidalgo takeover will “strengthen” the group’s presence in the Spanish market and support its broader European strategy.
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By GlobalDataThe acquisition comes on the heels of Plukon Food acquiring another Spanish peer Sambau last year.
Plukon Food Group CEO Kees Kraijenoord said: “This acquisition strengthens our position in Spain and aligns with our strategy to become a leading player in Europe’s poultry market. Hidalgo’s strong reputation, integrated operations, and premium products will help us accelerate growth and deliver exceptional value to our customers.”
The management team of Grupo Avícola Hidalgo, including members of the Hidalgo family, will continue working with Plukon after the transaction.
Plukon operates 38 facilities across seven European countries.
Last year, the company generated approximately €3.3bn ($3.43bn) in revenue.
April also saw Plukon acquire the assets of Polish peer Algas SP.
In October, Plukon snapped up the Danish subsidiary of Finland-based HKScan for €44.6m.
