The historic family-owned company Granja Pinilla from Valladolid joins the Italian group Eurovo in a strategic deal that consolidates the advance of major European groups in the Spanish poultry market.
The Italian group Eurovo, one of Europe’s leading operators in the egg and egg products sector, has acquired 100% of the share capital of Granja Pinilla, a Spanish company founded nearly six decades ago with three production facilities in the province of Valladolid and an annual turnover exceeding 33 million euros. With this deal, Eurovo significantly strengthens its presence on the Iberian Peninsula and takes a further step in its international growth strategy.
A seamless integration: same brand, same team
Despite the change in ownership, the Pinilla family will retain operational management of the company, will keep the Granja Pinilla brand and will remain at the helm of the management team, ensuring continuity in corporate culture and commercial relationships. The Valladolid-based firm, established in 1957, is today one of the twenty largest poultry companies in Spain, and is distinguished by operating under a fully integrated value chain model: hen rearing, feed production, laying, grading and packing, all managed in-house.
Granja Pinilla currently has more than one million laying hens across its facilities in Megeces (where the head office is located), Olmedo and Alcazarén. The company employs between 80 and 100 people and holds a strong reputation in the sector for its commitment to quality, traceability and animal welfare.
Eurovo: expansion in Spain and the United Kingdom
For Siro Lionello, CEO of the Eurovo Group, this acquisition is a “key strategic step” in a market — the Spanish one — that he considers to be rapidly expanding. “It is a great honour to be able to count on a company like Granja Pinilla, solid, with a long family tradition and a reputation built on quality, reliability and attention to animal welfare,” he stated.
Eurovo is one of Europe’s largest egg producers, with sales in more than 40 countries and an annual turnover exceeding 1.250 billion euros.
This integration reinforces Eurovo’s plan to build an international network of local poultry companies with operational autonomy but connected through technical, logistical and commercial synergies.
Major acquisition of a liquid egg company in the United Kingdom
Alongside the acquisition of Granja Pinilla, Eurovo has announced the acquisition of a majority shareholding in the British firm Two Chicks, specialising in liquid egg products (liquid egg whites) for the retail channel. This latest deal enables the Italian group to enter the UK market directly, where Two Chicks is the category leader. Two Chicks, with sales of around €6 million and total revenues of approximately €8 million, already maintains a strong alliance with Eurovo.
Two Chicks was founded by Anna Richey and Alla Ouvarova in 2007, becoming the first company to launch a liquid egg white product in British retail. Both founders stated that the acquisition by Eurovo will allow Two Chicks to benefit from being part of a larger group. “This will include expanding the product range and exploring exciting new areas, as well as bringing Two Chicks products to more customers abroad.”
Two Chicks is sold in most major British retail chains, including Tesco, Sainsbury’s and Morrisons, as well as in countries such as France, the Netherlands and the United Arab Emirates. However, it remains a relatively small company, with just four employees, according to its latest accounts filed at Companies House.
Federico Lionello, Sales and Marketing Director at Eurovo, stated that this represents a significant step for both companies. “This allows Two Chicks to connect directly with our fully integrated supply chain, and gives Eurovo the opportunity to enter the British market alongside a strong and visionary brand.”
In early 2025 EUROVO acquired a Belgian egg products company and an Italian pancake company
In early 2025 Eurovo also acquired the Belgian firm Hulstaert NV, a producer of liquid egg products for the food industry and foodservice sector, and the Italian company Waffelman Srl, specialising in pancakes and waffles, further diversifying its portfolio. These transactions add approximately 110 employees to Eurovo’s workforce.
According to Eurovo Group CEO Siro Lionello, these acquisitions are key to gaining market share in a sector undergoing rapid consolidation. The company will continue to strengthen its presence through selective expansion transactions, with the goal of being “a competitive and reliable partner for customers and a benchmark in egg-based products for all consumers,” Lionello added.
With an approximate turnover of €1.250 billion in 2024, a network of 5,000 customers in more than 40 countries and 28 production facilities across Europe, Eurovo aims to continue its growth and become a dominant player in the egg products market.
Eurovo also owns the world’s largest free-range laying hen farm, covering 25 hectares and housing 1.2 million laying hens.
Legal and financial advisory
During the acquisition process, Granja Pinilla was advised by Life Abogados and Abante Asesores, while Eurovo was supported by the consultancy firm Deloitte. The specific figures of the transaction have not been made public, but the assets of Granja Pinilla are estimated to exceed 40 million euros.
Spain: Europe’s new poultry hub
The deal takes place against a backdrop of growing international interest in Spain’s poultry sector. Thus, in 2024 the Navarrese group Agotzaina, in partnership with the Madrid-based company Avícola Barco, acquired the 100% of the share capital of Explotaciones Avícolas García Puente de Olmedo, one of Spain’s leading egg producers and a major supplier to one of the country’s largest retail distribution chains.
Furthermore, in January 2025, the Dutch company Plukon Food Group reached an agreement to acquire 100% of Grupo Avícola Hidalgo, a Spanish broiler industry company with production facilities in Íscar, as well as in Alpedrete (Madrid) and Casarrubios del Monte (Toledo), and in March 2025 the Ukrainian company MHP acquired UVESA.