Global Eggs Completes Acquisition in US, Closes New Deal in Europe
Global Eggs, a group controlled by Brazilian entrepreneur Ricardo Faria, has completed its $1.1 billion acquisition of U.S. egg producer Hillandale Farms, just weeks after closing a new deal in Europe, Faria told Reuters on Tuesday.
Last month, Global Eggs signed an agreement to acquire Spanish company Granja Legaria, Faria said, adding that Legaria has about 350,000 birds. He did not disclose the value of the deal.
Global Eggs will now focus on ramping up its U.S. production while pursuing further broadening its European presence...
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