What HEVOGROUP LTD does

HEVO Group is a vertically integrated Spanish egg producer formed in 2022 through the consolidation of three historic poultry companies: Dagu (founded 1979), Ous Roig (1970s), and Granja Agas (1960). The group operates across the entire egg value chain, including feed manufacturing, pullet rearing farms, laying farms, grading and packaging centres, and ovoproduct processing. With 25 farms, 6 classification centres, and more than 5 million laying hens across Spain, HEVO produces over 120 million dozen eggs annually and holds the #2 position in Spanish egg production within a parent holding (Global Eggs) that ranks third in EU egg production.

The product portfolio spans fresh eggs under seven regional sub-brands (Dagu, Ous Roig, Granja Agas, Avícola Larrabe, Granja Legaria, El Granjero, Avícola Tratante) covering various production systems including cage-free, barn, free-range, and organic, alongside processed ovoproducts and the OUVEGG plant-based egg substitute launched in June 2023. Classification centres integrate computer vision, UV sanitisation, and ultrasound-based crack detection for quality inspection. HEVO holds IFS food safety, ISO 14000, ISO 17025 laboratory accreditation, WelfairTM animal welfare, and carbon footprint registry certifications, with 50% of production from cage-free systems and over €18 million invested in 2025 modernisation.

HEVO sells primarily through direct B2B relationships to major Spanish supermarket chains, hypermarkets, and food service operators under negotiated, undisclosed pricing. The group has completed four acquisitions between August 2024 and December 2025 (Avícola Larrabe, Granja Legaria, El Granjero, Avícola Tratante) and is majority-owned by Brazilian investor Ricardo Faria, who integrated HEVO into the Global Eggs holding alongside Hillandale Farms (USA) and Granja Faria (Brazil). Warburg Pincus committed up to $1 billion to Global Eggs at an ~$8 billion valuation in 2026, André Baldissera was appointed CEO in July 2025, and the group employs over 450 professionals across Spanish operations.

Name

HEVOGROUP LTD

Legal name

DAGU, S.A.

Website

https://hevogroup.es/en/

Company type

Private

Founded year

2022

Operating status

Operating

Short description

HEVO Group is Spain's second-largest vertically integrated egg producer, operating 25 farms, 6 classification centres, and over 5 million laying hens producing 120+ million dozen eggs annually. It supplies major Spanish retailers and food service operators through seven regional sub-brands within the Global Eggs holding.

Ownership category

akta.pro rank

Product category

Egg Production and Distribution

NAICS

Poultry and Egg Production (1123), Chicken Egg Production (112310), Chicken Egg Production (11231), Animal Food Manufacturing (3111), Poultry Hatcheries (11234)

SIC

Agricultural Prod-Livestock & Animal Specialties (200), Food And Kindred Products (2000)

akta.pro primary industry

Layer Hen Egg Production (Table Eggs) (AFAEADAB)

akta.pro secondary industries

Private label & contract egg processing (toll manufacturing/packing) (AFANAHAI), Plant-Based Egg Alternatives Manufacturing (AFAKAGAC), Eggs & Egg Products (Shell, Liquid, Value-Added) (CRADACAJ), Layer (Egg Production) Feed (AFADACAB), Hatcheries & Chick Production (Day-Old Chicks, Pullets) (AFAEADAD)

Keywords

• Shell egg production
• Ovoproduct manufacturing
• Poultry feed milling
• Egg grading packaging
• Cage-free poultry

Headquarters

HQ city

Cabanillas Del Campo

HQ country

Spain

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Fresh egg production and sales: Production and commercialisation of fresh eggs through integrated operations covering feed mills, pullet rearing farms, laying farms, and grading and packaging centres. Revenue is generated through B2B sales to retail chains and food service operators.
2. Ovoproduct manufacturing and sales: Production and sale of processed egg products (ovoproducts) derived from the egg production process, adding value through processing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

HEVO Group produces and distributes shell eggs, processed egg products (ovoproducts), and poultry feed through a fully vertically integrated value chain. Operations span feed mills, pullet rearing farms, laying farms, and six classification and packaging centres across Spain. The group also markets OUVEGG, a plant-based vegan egg substitute, supplying major Spanish retail chains and food service operators under seven regional brands.

Product overview

HEVO Group is a Spanish egg production company formed from the union of leading poultry companies including Dagu, Ous Roig, Granja Agas, Avícola Larrabe, Granja Legaria, El Granjero, and Avícola Tratante. The company operates as a unified group integrating the entire egg value chain: from feed mills and pullet farms to laying farms, grading/packaging centers, and ovoproduct processing. The portfolio includes multiple sub-brands (Dagu, Ous Roig, Granja Agas, Avícola Larrabe, El Granjero, Avícola Tratante, Granja Legaria) producing fresh eggs across various production systems (cage-free, barn, free-range, organic), and the innovative plant-based product OUVEGG. The group also manufactures animal feed and operates quality-controlled classification centers.

Differentiator

Problem solved

Functional benefit

Brands

• OUVEGG: Vegan egg substitute launched in June 2023, plant-based alternative to conventional eggs
• Dagu
• Ous Roig
• Granja Agas
• Avícola Larrabe
• El Granjero
• Avícola Tratante
• Granja Legaria

Products and services

• Fresh Shell Eggs (Huevos Frescos) Main product line of HEVO Group consisting of fresh shell eggs from various production systems (cage-free, barn, free-range, organic). Distributed through B2B channels to Spanish retail chains and food service operators under multiple regional brands, with full value chain integration from feed production to grading and packaging.
• Ovoproducts (Processed Egg Products)

Quantifiable outcome

• 50% cage-free production achieved by 2024
• +2 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Hillandale Farms (USA)minorStrategic or Co-development Partner · 14 May 2025Hillandale Farms, founded in 1958 and based in Pennsylvania, USA, was acquired by Global Eggs for $1.1 billion. It is one of the top 5 egg producers in the USA with 20 million laying hens and integrates the entire egg value chain. The acquisition doubled Global Eggs' production to $2 billion in revenue.
• Avicam (Avicultura de Castilla-La Mancha)minorStrategic or Co-development Partner · 21 March 2025HEVO Group is a member of Avicam (Avicultura de Castilla-La Mancha), which partnered with the Government of Castilla-La Mancha to create a Centro Tecnológico del Huevo (Egg Technology Centre) in Marchamalo with a €4.5 million investment. The centre aims to strengthen the region's leadership in egg production through technological innovation, animal health improvement and product quality.
• INPROVOcoreStrategic or Co-development Partner · 13 December 2024INPROVO is the Interprofessional Organisation for Eggs and Egg Products in Spain. HEVO Group participates in INPROVO alongside other major sector associations including ASAJA, COAG, UPA, INOVO, FEDEROVO, ASEPRHU and Cooperativas Agro-alimentarias. INPROVO drives sector-wide initiatives including the 'Saludoble' consumer campaign and the annual Observatório del Consumo del Huevo. HEVO Group joined ASAJA, COAG, UPA, INOVO, FEDEROVO, ASEPRHU and Cooperativas Agro-alimentarias in meetings with the Senate Agriculture Committee.
• Spanish Senate Agriculture CommitteeminorOthersHEVO Group's DAGU facilities hosted a visit from the Spanish Senate's Agriculture, Livestock and Food Committee, representing a key engagement with Spanish regulators and policymakers. The visit was organised at the initiative of INPROVO to communicate the sector's challenges and demands.

Scale indicators8 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• Cal-Maine Foods: Largest US shell-egg producer (NASDAQ: CALM), operating an integrated, multi-state egg platform sold through national grocery chains. Comparable integrated production and retail-channel model; broader geographic and category footprint than HEVO but the closest public benchmark for egg producer economics and margins.

Others

• Cargill Animal Nutrition: Global animal-feed supplier and competing purchaser of cereal grains for layer/broiler rations. Comparable only as an adjacent input supplier and cereal-sourcing competitor to HEVO's vertically integrated feed mills.

Direct peers

• Granja Faria: One of Brazil's largest egg producers and the other core asset of the Global Eggs holding alongside HEVO. Operates an integrated shell-egg and ovoproduct platform across South America, directly comparable in business model, scale and ownership structure.
• Hillandale Farms: Pennsylvania-based, top-5 US egg producer with ~20M laying hens, integrated from pullet to distribution; sister company inside the Global Eggs holding. Comparable vertically integrated shell-egg platform and large-retailer customer mix, but in the US market.
• Huevos Guillén: Leading Spanish egg producer and packer with national distribution to major retailers; comparable in product mix (shell eggs + processed), B2B retail channel focus, and Spanish geography, making it HEVO's closest head-to-head competitor for #1/#2 Spanish share.
• Gruppo Eurovo: Italy's leading egg products group combining shell-egg production, breaking/liquid egg (ovoproducts) and branded retail packs across Europe. Directly comparable to HEVO on integrated egg value chain, branded retail exposure and pan-European reach.

Emerging players

• Kipster: Dutch carbon-neutral, cage-free egg brand sold into European retailers (Lidl, Albert Heijn). Overlaps with HEVO's cage-free, sustainability-positioned sub-brands (Happy Hens, OUVEGG) and represents the kind of premium/certified niche player disrupting conventional shelf share.
• Pazo de Vilane: Galician free-range and organic egg producer selling into Spanish specialty retail and food service. Comparable product category and Spanish market but at a much smaller, premium-positioned scale, competing with HEVO's Ous Roig/Avícola Tratante free-range lines for higher-margin shelves.

Regional players

• Avril - Glon (Les Œufs): French agri-industrial group Avril (formerly Glon) includes one of France's largest egg-packers and ovoproduct units serving French and export retail markets. Comparable vertically integrated egg platform, but primarily French — a key neighbouring peer for European share dynamics and pricing benchmarks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/hevo-group

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HEVOGROUP LTD