WEZEP, THE NETHERLANDS — The Netherlands-based Plukon Food Group announced the acquisition of Spanish poultry producer Grupo Avícola Hidalgo, along with its facilities in Madrid, Valladolid and Toledo. Completion of the transaction is subject to the approval of the competition authorities.

“We are proud to welcome Grupo Avícola Hidalgo to the Plukon family,” said Kees Kraijenoord, chief executive officer of Plukon Food Group.

“Grupo Avícola Hidalgo and VMR Spain have a track record for cooperation through their former joint-venture Iberoelaborados, focused on the production of convenience value added products. This acquisition strengthens our position in Spain and aligns with our strategy to become a leading player in Europe’s poultry market.”

“Hidalgo’s strong reputation, integrated operations, and premium products will help us accelerate growth and deliver exceptional value to our customers.”

Grupo Avícola Hidalgo has been a family-owned company for over 60 years, establishing a robust presence in Spain’s poultry sector. Since its beginnings as a local distributor, the company has become one of the top poultry companies in the Spanish market.

Grupo Avícola Hidalgo is integrated from hatchery to product sales to clients across channels, particularly modern retail. Currently, the company employs over 400 team members, and in 2024 it generated a revenue slightly above €100 million ($103.6 million). The company specializes in high-quality fresh and value-added poultry products. Its diverse customer base includes retail, business-to-business and foodservice operators in Spain.

Grupo Avícola Hidalgo’s management team, which includes some members of the Hidalgo family, will continue working with Plukon following the acquisition.

“We are confident that joining the Plukon Food Group marks an exciting new chapter for Grupo Avícola Hidalgo,” said Gregorio and Pelayo Hidalgo, co-CEOs of Grupo Avícola Hidalgo. “Plukon shares our dedication to quality and innovation, and we are proud to entrust the future of our company to such a strong and experienced partner. Together, we look forward to building on Hidalgo’s legacy and driving further growth and success for our employees, customers and stakeholders.”

With 38 facilities in Europe and 11,000 employees, Plukon Food Group specializes in poultry, fresh meals, salads, meal components and alternative proteins.