The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

Global Eggs, a Luxembourg-based company led by Brazilian entrepreneur Ricardo Faria, has agreed to acquire US egg producer Hillandale Farms for $1.1 billion.

The deal, confirmed by Faria to Reuters on Thursday (27 March), follows the company's strategy to expand its operations. Global Eggs, which was established last year, already operates Granja Faria in Brazil and acquired Spain’s Grupo Hevo last November.

As part of the acquisition, Brazilian investment bank BTG Pactual's private equity arm will invest $300 million in exchange for an 11% stake in Global Eggs.

Faria noted that this acquisition is not linked to the recent surge in US egg prices caused by bird flu outbreaks and rising imports from Brazil. Instead, the entrepreneur expressed his confidence in continued global growth in egg consumption.

“We are looking at the world, and mainly at the Western world,” he told Reuters

Faria noted that over the past 15 years, egg consumption patterns have shifted. While eggs were once mainly consumed by lower-income households, they have now become a staple across all social and economic groups.

Combined, Global Eggs’ recent acquisitions, including Hillandale, Hevo, and Granja Faria, reported a total revenue of over $2 billion in 2024.

Although Global Eggs had previously planned an initial public offering in New York, Faria stated that the company will now focus on integrating Hillandale and consolidating its brand presence.