Global Eggs strikes Germany M&A through Hevo arm

Hevo Group, the Spanish ovum supplier backed by Brazil's Global Eggs, has announced an acquisition successful Germany.

The institution has snapped up Müritz, a concern that supplies German grocers including Edeka. Financial presumption were not disclosed.

In a statement, Hevo said the woody marks its introduction into Germany and takes its ain capableness to astir 180 cardinal twelve eggs a year. It did not disclose its existent capacity.

Müritz, based 150km northbound of Berlin, has six farms supplying integrated and free-range eggs, Hevo Group said.

"This acquisition is portion of Hevo Group's sustained maturation strategy, aimed astatine consolidating a European accumulation level and strengthening relationships with the main nutrient retail operators successful Europe," the institution added.

CEO André Baldissera said: "In an progressively volatile environment, we judge the champion effect is to physique a much resilient group, with greater geographical diversification, a coagulated accumulation operation and a semipermanent vision."

Hevo Group has been portion of Global Eggs, a shaper with operations successful Brazil, Uruguay, the US and Europe, since 2024.

In March, Global Eggs agreed a woody for private-equity steadfast Warburg Pincus to put up to $1bn successful the multinational eggs supplier. In a statement, Warburg Pincus said astatine the clip the concern valued Global Eggs astatine $8bn.

Global Eggs' businesses besides see Brazil's Granja Faria and US supplier Hillandale Farms. The institution bought Hillandale Farms past twelvemonth for $1.1bn.

The radical besides expanded its beingness successful Spain past twelvemonth with the acquisition of the El Granjero ovum company.

"Global Eggs strikes Germany M&A done Hevo arm" was primitively created and published by Just Food, a GlobalData owned brand.