In another step in its internationalization strategy, Global Eggs, by businessman Ricardo Faria, founder of Granja Faria and known as the “King of Eggs”, closed on Tuesday (13) the purchase of the Spanish Granja Legaria and is evaluating new acquisitions on the continent. The information is from the agency Reuters.
The company announced at the end of March for $ 1.1 billion, a deal that was completed on Monday (12). Founded in 1958 and based in Pennsylvania, it is one of the largest egg suppliers in the US.
HAS ReutersFaria stated that Global Eggs plans to expand the number of animals from Hillandale by 1 million birds to about 21 million.
The expansion of Global Eggs occurs in a context of a frank increase in exports of Brazilian eggs to the United States, amid the scarcity that plagues the country due to an outbreak of aviary flu that has killed nearly 170 million chickens, turkeys and other birds since 2022.
According to data from the Brazilian Association of Animo Protein (ABPA), for 4,300 metric tons, driven by the strong demand from importers in the US and Japan.
In terms of revenue, Brazilian egg shipments generated US $ 10.57 million, an increase of almost 253%, ABPA said.
