Eurovo Group, a European producer of eggs and egg-based products, has entered the UK market by acquiring a majority stake in egg whites business Two Chicks.
Founded in 2007 by Anna Richey and Alla Ouvarova, Two Chicks claims to be the “first” to launch liquid egg white in UK supermarkets, and has doubled its turnover over the past two years.
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Financial terms of the deal were undisclosed.
In a statement, Eurovo chief sales and marketing officer Federico Lionello described the transaction as a “significant step forward for both our companies”.
He said the move will connect Two Chicks to Eurovo’s “fully integrated supply chain” and provide Eurovo with “the opportunity to enter the UK market alongside a strong and visionary brand”.
In its statement, Two Chicks said the deal will allow it to benefit from being part of a “larger group with the resources and status to help the company grow”, including “expanding” its product range, entering “new and exciting areas”, and increasing global reach beyond its present international footprint.
Its products are currently stocked by UK retailers including Sainsbury’s, Tesco, and Lidl, and are also available in international markets such as France, the Netherlands, Luxembourg, and the UAE.
Richey and Ouvarova will remain in place as shareholders.
In a joint statement, they said, “we look forward to benefitting from Eurovo’s extensive and diverse production capabilities, along with their geographical reach and scale, which will enable us to achieve common goals including exciting new product development”.
Italian family-owned Eurovo posted annual revenues of around €1.25bn ($1.38bn) in 2024 and serves approximately 5,000 customers across more than 40 countries.
Eurovo’s portfolio includes consumer brands le Naturelle, Maia and Novissime. Professional brands include Eurovo Service, Élite and Bakery Innovation, Liot, and Maia Professional.
Based in Imola, the company operates 28 sites across Europe, comprising farms, feed production units, and processing hubs.
These facilities span major markets including France, Spain and Poland.
