12 February 2025

2 minute read

By: Global Ag Media

Europe

Dutch poultry company Plukon Food Group reached an agreement for the 100% acquisition of Grupo Avícola Hidalgo, a landmark company in the Spanish poultry industry, with production facilities in the provinces of Madrid, Valladolid and Toledo, according to a company-issued press release. 

Grupo Avícola Hidalgo is a family-owned company with over 60 years of experience in the poultry sector in Spain. From its beginnings as a local distributor in the “Sierra Norte de Madrid”, the Group has been focused on product and service quality and has grown organically to become one of the main poultry companies in the Spanish market, integrated from hatchery to the sale of the product to clients in all channels, particularly modern retail. Grupo Avícola Hidalgo employs more than 400 people, and generated revenues slightly above EUR 100 Mn in 2024.

Grupo Avícola Hidalgo specialises in high-quality fresh and value-added poultry products. The company supplies a diversified customer base, including retail, B2B, and foodservice companies in Spain. With its strategically located production facilities close to key customers and suppliers, Grupo Avícola Hidalgo ensures efficient logistics and a consistent supply of top-quality fresh products. This acquisition strengthens Plukon’s position in the Spanish market and aligns with its strategy to deliver premium poultry products across Europe.

“We are proud to welcome Grupo Avícola Hidalgo to the Plukon family," said Kees Kraijenoord, CEO Plukon Food Group. "Grupo Avícola Hidalgo and VMR Spain have a track record for cooperation through their former joint-venture, Iberoelaborados, focused on the production of convenience value-added products. 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."

"We are confident that joining the Plukon Food Group marks an exciting new chapter for Grupo Avícola Hidalgo," added Gregorio and Pelayo Hidalgo, Co-CEOs Grupo Avícola Hidalgo. "Plukon shares our dedication to quality and innovation, and we are proud to entrust the future of our company to such a strong and experienced partner. Together, we look forward to building on Hidalgo’s legacy and driving further growth and success for our employees, customers, and stakeholders." 

The management team of Grupo Avícola Hidalgo, including some members of the Hidalgo family, will continue collaborating with Plukon after closing of the transaction.

Completion of the envisaged transaction is subject to approval by the competition authorities.