Brazilian businessman Ricardo Faria is buying American egg producer Hillandale Farms for $1.1 billion through his company Global Eggs, Reuters reports, noting that the deal is the second major acquisition for Global Eggs after the purchase of Spanish Grupo Hevo in November 2024.
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Deal size and plans
Hillandale Farms, founded in 1958, is one of the leaders in the U.S. egg market and had 20 million laying hens before the avian flu epidemic. Faria estimates that combining his Hillandale assets would generate annual revenues of more than $2 billion. “Eggs have become a staple for all classes, and their consumption will grow, especially in the West,” he said, explaining his expansion strategy.
Market Changes and Delayed IPO
The acquisition comes amid a U.S. egg shortage caused by bird flu, which has killed 21 million hens since the fall of 2024. Although Global Eggs had planned to go public in New York, the company will now focus on integrating Hillandale and growing its brands, postponing the IPO.