Eurovo Group, a European producer of eggs and egg-based merchandise, has entered the UK market by buying a majority stake in egg whites enterprise Two Chicks.
Based in 2007 by Anna Richey and Alla Ouvarova, Two Chicks claims to be the “first” to launch liquid egg white in UK supermarkets, and has doubled its turnover over the previous two years.
Monetary phrases of the deal have been undisclosed.
In a press release, Eurovo chief gross sales and advertising and marketing officer Federico Lionello described the transaction as a “vital step ahead for each our firms”.
He mentioned the transfer will join Two Chicks to Eurovo’s “absolutely built-in provide chain” and supply Eurovo with “the chance to enter the UK market alongside a powerful and visionary model”.
In its assertion, Two Chicks mentioned the deal will permit it to learn from being a part of a “bigger group with the assets and standing to assist the corporate develop”, together with “increasing” its product vary, coming into “new and thrilling areas”, and rising international attain past its current worldwide footprint.
Its merchandise are at the moment stocked by UK retailers together with Sainsbury’s, Tesco, and Lidl, and are additionally accessible in worldwide markets comparable to France, the Netherlands, Luxembourg, and the UAE.
Richey and Ouvarova will stay in place as shareholders.
In a joint assertion, they mentioned, “we look ahead to benefitting from Eurovo’s intensive and various manufacturing capabilities, together with their geographical attain and scale, which is able to allow us to attain frequent targets together with thrilling new product improvement”.
Italian family-owned Eurovo posted annual revenues of round €1.25bn ($1.38bn) in 2024 and serves roughly 5,000 prospects throughout greater than 40 nations.
Eurovo’s portfolio contains client manufacturers le Naturelle, Maia and Novissime. Skilled manufacturers embody Eurovo Service, Élite and Bakery Innovation, Liot, and Maia Skilled.
Primarily based in Imola, the corporate operates 28 websites throughout Europe, comprising farms, feed manufacturing items, and processing hubs.
These amenities span main markets together with France, Spain and Poland.
Chinese (Simplified)
Korean
Spanish