Global Eggs, a Brazilian company controlled by Ricardo Faria, owner of Granja Faria, completed in May 2025 the acquisition for USD 1.1 billion of Hillandale Farms, the fourth largest egg producer in the USA. This adds to other recent acquisitions, including the purchase of TAMAGO, a major Brazilian egg company, and the acquisition in November 2024 for €120 million of the Spanish company HEVO GROUP, which in turn owns the egg brands Dagu, Ous Roig (Tortosa), Granja Agas (Cuenca) and Avícola Larrabe (Vizcaya).
According to Faria, at the time of the acquisition, the Spanish farms were producing 5 million dozens of eggs. Production has now reached 8 million. HEVO GROUP has thus become the operational arm of Ricardo Faria, i.e. Global Eggs, in Spain.
13 billion eggs produced per year
With these acquisitions, the holding company GLOBAL EGGS, fiscally domiciled in Luxembourg, reaches a total annual output in 2025 of 13 billion eggs and projected total revenues of USD 2.5 billion per year for the company.
The newly acquired US company, Hillandale Farms, has 20 million hens on its farms and produces 38 million dozens of eggs per month, and Faria expects to increase production by 5%. The acquisition of the American company was financed by Rabobank and Itaú. Davis Polk & Wardwell provided legal counsel on the transaction.
Ricardo Faria stated that Hillandale performed well during the avian influenza crisis in the USA because it recorded no bird mortalities on its farms. The priority now is a financial restructuring of the company, which had been family-owned. There are, however, no plans to change the management team: the current executive team will remain with the company, the same policy he has applied to his acquisitions in Spain.
Founded in 2006, Granja Faria has grown primarily through the acquisition of other egg producers. Mr Faria stated that acquisitions “have not stopped [yet]”, but that the European market is the priority. In the USA, he declared, growth should be organic.
On the other hand, the acquisition carried out by Granja Faria this May of Ovos Tamago, a company in Pernambuco, a state in north-eastern Brazil, with annual revenues of less than 50 million reais, aims to establish a presence in northern Brazil. “Pernambuco is a large consumer market, and, as a business, we have set foot in the state. We want to be stronger in the North-East,” said Mr Faria.
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