A Brazilian entrepreneur nicknamed the “Egg King” is expanding into America through a billion-dollar acquisition, at a time when prices have surged as Avian flu ravages the country’s flocks of laying hens.
Global Eggs, a privately owned holding group controlled by Ricardo Faria, said it agreed to pay $1.1bn for Hillandale Farms, one of the largest US chicken egg suppliers.
“Americans love eggs. It’s a market with high consumption,” Faria told the Financial Times. “Eggs are the fastest-growing consumer good on the shelf or in supermarket trolleys.”
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