News Pigs
Nutreco's pork subsidiary in Spanish hands
Spanish meat companies Vall Companys, Serlopi and Grupo Cañigueral (owner of the Costa Brava Mediterranean Foods brand) have jointly acquired Inga Food, the Spanish pig subsidiary of the Dutch Nutreco. The three parties will each take a 50% share in the capital of Inga Food. The purchase is still subject to approval by the Spanish competition authority CNMC.
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The acquisition is not the result of poor performance. In Spain, Inga Food is seen as a strong player. The company achieved a turnover of €2023 million in 375, an increase of 14% compared to the previous year. Operating profit was €7,3 million — a strong turnaround from the loss of €12,7 million in 2022.
For Nutreco, the sale means a further strategic focus on its core activities in feed. In 2021, the group also sold its Spanish poultry division Sada to Vall Companys, a transaction with which the Catalan family business significantly expanded its position in meat processing.
Major players
In recent years, Vall Companys has become the largest food producer in Spain. The group’s turnover in 2023 reached €4,15 billion, a growth of 38% compared to the previous year. With more than 650 integrated pig farms, spread across Catalonia, Aragon, Castile-La Mancha, Extremadura and the Levante region, Inga Food has a pig herd of 85.000 sows. The company produces 1,5 million regular pigs and more than 120.000 Iberico fattening pigs annually.