Dutch-based poultry producer Pulcon has acquired Spanish peer Redondo for an undisclosed fee.
The deal will further strengthen Purcon’s position in Spain after the Dutch group acquired Grupo VMR in 2020.
Located in Madrid, Redondo is a family-run business that has been active in the poultry market since 1963 and supplies poultry products to customers “in and around Madrid”. The company is an integrated poultry company that operates facilities including feed mills, mother chicken facilities, hatcheries, cultivation farms and slaughterhouses in his three different locations in Spain.
Plukon CEO Kees Kraijenoord said the deal “provides our group with a strong foundation for future growth in Spain.”
“This agreement is in line with our ambition to become the leader in poultry production and marketing in Europe.”
Redondo has approximately 250 employees and sales of 54 million euros ($58.8 million) in 2022.
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Jose Luis Redondo, CEO of Redondo: “We are confident that Redondo will continue to grow as part of the Plukon Food Group and we look forward to making this happen together. We are strong owners of all our stakeholders and have similar views on quality standards, which is why we are proud that we have achieved this milestone.”
Before acquiring Redondo, the company had 30 locations in Europe, including four in Spain, and was headquartered in Wezep, Netherlands.
According to its website, Plucon’s sales in 2022 were approximately 2.8 billion euros.
In February last year, the Group acquired a majority stake in Dutch poultry specialist JA ter Maten Holding.
Founded in 1978, Ter Maten is a family-run business specializing in processing poultry ingredients into products for further processing into food and pet food products.