The Netherlands-based poultry giant Plukon Food Group has successfully acquired Grupo Avícola Hidalgo, marking its most recent investment in Spain.
Grupo Avícola Hidalgo, a family-owned enterprise, operates production facilities in strategically placed locations in Madrid, Valladolid, and Toledo. This setup aims to optimize logistics and ensure a reliable fresh poultry supply.
The company specializes in offering fresh and value-added poultry products catering to retail, B2B, and foodservice markets in Spain.
Details regarding the financial aspects of this acquisition remain undisclosed.
Employing over 400 staff members, Avícola Hidalgo reported impressive revenues exceeding €100 million ($104.31 million) in 2024.
In an official statement, the Dutch poultry manufacturer emphasized that the takeover of Avícola Hidalgo will significantly enhance their presence in the Spanish market, aligning with their broader European strategy.
This acquisition follows Plukon Food’s earlier purchase of another Spanish poultry producer, Sambau, last year.
According to Plukon Food Group CEO Kees Kraijenoord, “This acquisition strengthens our position in Spain and aligns with our strategy to become a leading player in Europe’s poultry market. Hidalgo’s strong reputation, integrated operations, and premium products will help us accelerate growth and deliver exceptional value to our customers.”
Post-transaction, the management team of Grupo Avícola Hidalgo, including members of the Hidalgo family, will remain with Plukon.
Plukon currently operates 38 facilities across seven European nations.
In the previous year, the company achieved approximately €3.3 billion ($3.43 billion) in revenue.
Additionally, in April, Plukon acquired assets from Polish poultry company Algas SP.
In October, Plukon further expanded by acquiring the Danish subsidiary of Finland-based HKScan for €44.6 million.
