Strong and Lusiaves stir up the battle for chicken in Spain
The owner of ElPozo, which entered the sector in July, has already closed two acquisitions this year.
Grupo Fuertes, owner of ElPozo, has made two acquisitions in the Spanish poultry sector this year. The company, which entered the sector in July, bought a company that owns Tolvasa and Paasa, and more recently, Nutrave, a poultry supplier and distributor. Meanwhile, Lusiaves, a Portuguese company, has acquired Padesa, the eighth largest producer of chicken meat in Spain, with the participation of Peruvian group Valora as a minority investor.
The acquisitions are part of a trend of consolidation in the Spanish poultry sector, driven by increasing consumption and favorable market conditions.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
