The Vall Companys Group has taken control of Industria Avícola Sureña (Inasur) by increasing its shareholding to 50.01%. Previously, Vall Companys held 40% of the capital of the Córdoba-based company. This transaction means that Vall Companys, a major meat group with a turnover in excess of €4 billion and profits exceeding €200 million, significantly consolidates its division within the poultry sector.
The acquisition of control of Inasur has been carried out through the commercial company Pontex. It is important to note that this transaction has already been notified to the National Markets and Competition Commission (CNMC) for regulatory review and approval. The takeover of Inasur represents a key strategic move for Vall Companys, enabling it to strengthen its industrial presence in southern Spain. The Catalan company considers that this integration will allow it to establish synergies throughout the entire poultry value chain in southern Spain.
INASUR: 20 million broilers per year and more than 500 employees
Inasur is a company with considerable annual production, reaching 20 million broilers. It is characterised by a vertically integrated production model, meaning it encompasses various stages of production, a characteristic it shares with the Vall Companys Group’s operational model. In terms of its size and activity, Inasur employs more than 500 workers and, according to accounts filed with the Commercial Registry for 2023 (the latest available), recorded a turnover of more than €90 million. Inasur’s financial results for 2023 reflect notable growth, with a 10.83% increase in its revenue compared to the previous year.
Furthermore, its operating profit improved substantially, reaching €8.1 million, compared to €3.1 million in the preceding financial year. This growth is attributed primarily to greater demand from large retail chains, food chains and major supermarkets, as well as an increase in selling prices driven by the evolution of associated costs. For 2024, Inasur’s forecasts were “positive” and “cautious”, anticipating a potential increase in turnover due to growing demand in specific business lines. It is important to note that the remaining share capital of Inasur remains in the hands of the Alameda family.
Key figures for the Poultry Division of the Vall Companys Group:
This takeover is not the first corporate interaction between the two companies in recent years. In August 2020, Vall Companys acquired a 40% stake in Inasur. At the time, Vall Companys justified this investment for its “notable strategic importance” in securing an “industrial presence in southern Spain”. The recent acquisition of the majority stake further consolidates this expansion and strengthening strategy in the poultry sector.
Inasur has a diverse, geographically distributed network of facilities: a cutting and processing plant located in Pedro Abad (Córdoba), a feed mill in Úbeda (Jaén), a commercial office in Jerez de la Frontera (Cádiz), and a hatchery in La Selva del Camp (Tarragona). Vall Companys emphasises that both Inasur’s facilities and its production process comply with the “highest quality standards”.
Companies within the Poultry Division of GRUPO VALL COMPANYS
- AVÍCOLA DE GALICIA (AVIGAL)
- AVÍCOLA DE LLEIDA (AVIDEL)
- AVICOSAN
- DOLZ
- INASUR
- TORRENT I FILLS
- GRUPO SADA
With the takeover of Inasur, Vall Companys strengthens its poultry division, which already had a presence in other regions of Spain through various companies. These include AVÍCOLA DE GALICIA (Avigal) in the north-west of the Iberian Peninsula, Torrent i Fills, Avicosan and AVÍCOLA DE LLEIDA (Avidel) in the north-east, and Dolz in the Levante region. The integration of Inasur significantly extends the geographical reach and productive capacity of Vall Companys’ poultry division at national level. The specific financial terms of the agreement through which Vall Companys increased its stake in Inasur have not been publicly disclosed.
The Group has adopted a textbook vertical integration model that gives it full control over its 929 integrated broiler farms:
Through acquisitions in Spain and Latin America, VALL COMPANYS has doubled its turnover over the past five years and continues its rise as Spain’s leading broiler producer
Over five years, the company’s turnover, which encompasses 45 businesses in Spain, has grown from €2.054 billion in 2019 to €4.148 billion in 2023, with more than 160 million broilers slaughtered, making it by far Spain’s largest broiler producer (305,941 tonnes of broiler meat slaughtered, 21.51% market share), well ahead of its three closest competitors: UVESA, recently acquired by Ukrainian giant MHP (161,200 tonnes of broiler meat and 11.33% market share), GRUPO AVISERRANO (136,390 tonnes of broiler meat and 9.59% market share) and GRUPO AN AVÍCOLA MÉLIDA SL (84,100 tonnes of broiler meat and 5.91% market share).
The five largest Spanish broiler producers
(2023 data for a total of 1.43 million tonnes of broiler meat produced in Spain):
1st) GRUPO VALL COMPANYS (305,941 tonnes of broiler meat slaughtered, 21.51% market share)
2nd) UVESA (161,200 tonnes of broiler meat and 11.33% market share). (91.77% held since April 2025 by Ukrainian company MHP).
3rd) GRUPO AVISERRANO (136,390 tonnes of broiler meat and 9.59% market share). (50% of its capital held by GRUPO COSTA since 2020).
4th) GRUPO AN AVÍCOLA MÉLIDA SL (84,100 tonnes of broiler meat and 5.91% market share)
5th) COREN (82,000 tonnes of broiler meat and 5.90% market share)
When presenting the 2023 accounts, with growth of 38% on the previous financial year, the group attributed the increase to historically high pig prices at Mercolleida, “a result of the inflationary tailwind of 2022 and the imbalance between supply and demand, the acquisitions of Embutidos Rodríguez (January 2023) and Grupo Sada, and the merger process of the flour milling division with Caja Rural de Navarra (at the end of 2022)”. Added to all this is the internationalisation undertaken by Vall Companys and the fact that they remain open to new acquisitions.
In the 2023 financial year, the group, headquartered in Lleida, achieved a profit of €243 million, more than double that of 2022, when it reached €110 million, and invested €87 million. Investment in Lleida and its area of influence amounted to €27.7 million, 12% more than the previous year. According to its figures, the family group founded in 1956 closed 2023 with 2,600 associated farms, 12,558 direct jobs across its production plants and central services, 9.2% more than in 2022, the majority in small rural communities.
For further information:
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