European egg giant Eurovo has made its first foray into the UK market with the acquisition of liquid egg manufacturer Two Chicks.
Eurovo is one of the largest European egg producers, sold in over 40 countries and with annual sales over €1.25bn.
Two Chicks was set up by Anna Richey and Alla Ouvarova in 2007, becoming the first company to launch a liquid egg white product into British retailers.
The pair said Eurovo’s takeover would allow Two Chicks to benefit from being part of a larger group. “This will include expanding the product range and branching out into new and exciting areas, as well as bringing Two Chicks products to more customers overseas.”
Two Chicks is sold in most major British retailers, including Tesco, Sainsbury’s and Morrisons, as well as countries such as France, the Netherlands and the UAE.
It remains a relatively small company, however, with just four employees, according to its latest accounts at Companies House. Two Chicks is not required to publish full accounts given its size and declined to provide any sales figures.
The terms of the deal were also not disclosed, though Richey and Ouvarova have maintained a minority stake in the business and will remain in place after the sale.
Federico Lionello, Eurovo’s chief sales and marketing officer, said it was a significant step for both companies. “It allows Two Chicks to be directly connected to our fully integrated supply chain, and it gives Eurovo the opportunity to enter the UK market alongside a strong and visionary brand.”
In 2022, Richey and Ouvarova launched a Future Female Entrepreneur scheme to “inspire and empower the next generation of female entrepreneurs”.
The scheme gives women the opportunity to spend a day with an established female entrepreneur, alongside guidance and insight into creating and running a business.
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