Agrova International Acquires Uk Egg Supplier Sunrise Group

8 hours ago

The €40m buyout of Sunrise Group “significantly expands Agrova’s operational footprint”, according to APF Holdings.

Latvian agri-food group Agrova International has acquired Sunrise Group, a UK-based ovum supplier to unit and supermarkets.

Agrova International, nan genitor business of Nasdaq-listed APF Holdings, has struck nan woody for €40m ($46.1m), according to a statement.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to scope engaged professionals crossed 36 starring media platforms.

Find retired much

The acquisition “significantly expands Agrova’s operational footprint” and “strengthens its position arsenic a pan-European subordinate successful nan ovum and ovum macromolecule industry”.

Sunrise Group – comprising Sunrise Poultry Farms and Sunrise Eggs Holdings – becomes a wholly owned subsidiary of the European poultry group Agrova International.

Founded successful the 1960s and headquartered successful Sileby, Leicestershire, Sunrise Group also supplies nan out-of-home transmission and nutrient manufacturers. It generates €38.5m successful yearly revenues, according to nan statement.

The Group’s farms are located crossed Leicestershire, while its grading and packing installation successful Sileby processes much than 4 cardinal eggs each week.

Riga-based Agrova International is an agri-food investor holding a mostly liking successful APF Holdings, which is engaged successful poultry and ovum production.

GlobalData Strategic Intelligence

Don’t fto argumentation changes drawback you disconnected guard. Stay proactive pinch real-time information and master analysis.

By GlobalData

Jurijs Adamovičs, laminitis of Agrova International and APF Holdings, said: “We are delighted to invited the Sunrise team into the Agrova family – this business will further fortify our position successful nan European marketplace and thrust nan adjacent shape of growth.

“Sunrise is a institution pinch beardown fundamentals, a accumulation capacity comparable to our infrastructure successful Latvia, and a well-established trading web crossed nan UK.

“This transaction will much than double Agrova International’s scale and revenue, giving america entree to 1 of Europe’s astir precocious and move nutrient markets.”

The buyout was supported pinch backing from Accession Capital Partners (ACP), which backs agriculture businesses.

Piotr Sadowski, a partner astatine ACP, said: “We are honoured to support Agrova International – some successful this strategically important description successful nan United Kingdom and by providing maturation financing to APF Holdings in Latvia.”

The latest accounts revenge pinch Companies House are listed nether Sunrise Poultry Farms. Revenue successful nan twelvemonth to 30 June was £33.9m, up from £31.1m successful 2024.

Operating profit climbed to £10.9m from £8.8m, while nan business registered a nett profit of £9.8m versus £7.1m.

Just Food Excellence Awards - The Benefits of Entering

Gain nan nickname you deserve! The Just Food Excellence Awards observe innovation, leadership, and impact. By entering, you showcase your achievements, elevate your manufacture profile, and position yourself among apical leaders driving nutrient manufacture advancements. Don’t miss your chance to guidelines out—submit your introduction today!

Nominate Now