30 January 2025
BBVA advises on the sale of Grupo Avícola Hidalgo to Plukon Food Group
BBVA CIB has acted as the Exclusive Financial Advisor to the Hidalgo family in the sale of Grupo Avícola Hidalgo to Plukon Food Group, one of the largest poultry companies in Western Europe.
BBVA advised the Hidalgo family on the sale of Grupo Avícola Hidalgo to Plukon Food Group, one of the largest players in the poultry industry in Western Europe. This transaction reinforces BBVA’s position as a leading advisor in mergers and acquisitions (M&A) within the animal protein sector.
BBVA acted as the Exclusive Financial Advisor in the sale of 100% of the shares of the Group, which comprises six companies located in Madrid, Castilla y León, and Castilla La Mancha. Hidalgo is a prominent participant in the Spanish poultry industry, with production facilities in Valladolid, Madrid, and Toledo, which in 2024 generated net sales slightly exceeding 100 million euros. This operation exemplifies the analysis of strategic alternatives in a family business, resulting in a sale process aimed at maximising valuation and sale conditions.
Plukon, a leader in the sector in Europe, operates 38 production plants across seven countries, achieving a turnover of approximately 3.3 billion euros in the last year. With this acquisition, Plukon consolidates its position as a key player in the Spanish poultry industry, thanks to its successful inorganic strategy and its focus on quality and proximity to the region.
Santiago Rodríguez, Managing Director of M&A Consumer & Retail at BBVA, stated: “This transaction is yet another demonstration of our ability to execute complex cross-border transactions and reinforces our position as a leading advisor in mergers and acquisitions in the animal protein sector in our main geographies, as well as a trusted advisor for family corporate clients. We are very proud to have supported the Hidalgo family in achieving this important milestone.”
BBVA's Commitment to the Consumer & Retail Sector
For BBVA, this transaction represents the 66th in the Consumer and Retail sector since 2007, covering Spain, Mexico, and other countries. These figures underscore the bank’s commitment to providing strategic advisory services in mergers and acquisitions, particularly for family-owned businesses.
BBVA has played a crucial role in several significant operations in recent years, including advising the majority shareholders of Bachoco in their public acquisition offer, the creation of a joint venture between the Lozano family and Vall Companys in Mexico and another between Tecavi and Vall Companys in Peru, the sale of RYC Alimentos to Bachoco in Mexico, and the sale of 45.5% of Campofrío to Sigma Alimentos in Spain.