Brazil’s ‘Egg King’ shells out $1bn to acquire major US producer

Hillandale Farms, major egg producer with Pittsburgh roots, reportedly sold for $1.1 billion

One of the nation’s largest egg producers, a family owned company with long ties to the Pittsburgh region and philanthropy here, is reportedly being acquired by a European agricultural company.

Brazil’s ‘Egg King’ Buys Hillandale Farms

All hail the Egg King.  On Thursday, Global Eggs — a Luxembourg-based company that operates in Brazil, led by self-annointed “Egg King” Ricardo Faria — announced a $1.1 billion acquisition of Hillandale Farms, one of the largest egg producers in the US. The move comes just as egg prices are starting to come down in the US. Eggceptional Appetites It may not be reflected in supermarket prices yet, but eggflation is finally starting to crack. The w…

The American classic burger with poached egg will soon become a luxury treat in the US. The shortage of eggs, which drives their price to astronomical heights, goes hand in hand with the quiet but unrelenting increase in the price of beef. Tariffs proposed by President Donald Trump may worsen the situation, writes The Economist.

Brazil’s ‘Egg King’ shells out $1bn to acquire major US producer

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US Is Asking EU Countries For Eggs

Washington has reortedly requested that a few European countries, Lithuania, Finland, Denmark, start exporting more eggs to the US. The US Department of Agriculture (USDA) has reached out to producers in several EU countries to [...] The post US Is Asking EU Countries For Eggs appeared first on The People's Voice.