The negotiation that redefines the poultry council with Padesa at the center
Interest in the Spanish poultry sector is growing at a time of accelerated transformation. In this scenario, the position of Padese It acquires unique relevance due to its productive capacity, its mastery of the value chain and its consolidated presence on the shelves. Founded in 1973 and based in Amposta, the company is one of a small group of large chicken and turkey producers in the country.
From the third quarter of 2025, various companies have taken steps to study opportunities for concentration in a market marked by international competition, rising raw material prices and the impact of health epidemics which have modified prices and supply. In this context, the consortium composed of Lusiaves, Vall Companys and Tecavi has managed to secure a preferential position in the internal analysis of the Catalan company.
The exclusivity agreement that triggers the operation
The key that was kept secret during the early stages of the process is that the consortium signed an exclusivity agreement with the shareholders of Padese. This agreement makes it possible to examine in detail the financial structure, operational profitability and productive capacity before defining the final conditions of the sale.
The Martorell and Centelles families, who control 80% of the capital, have historically been the driving force behind the company’s growth. Its vertical integration – from breeding on more than 300 farms to processing and distribution under the Aldelís brand – has become one of its greatest assets. This structure guarantees efficiency, stability of supply and notable differentiation in a very competitive market.
Why Lusiaves and Vall Companys seek to expand their influence
The purchasing consortium is made up of entities with complementary strategies. Lusiaves is the leading poultry group in Portugal and has for years been strengthening its international presence through acquisitions, alliances and new business sectors. Vall Companys, for its part, is one of the most powerful agribusiness groups in Spain, with activities that range from pig and poultry breeding to animal feed and distribution.
Tecavi, the Peruvian shareholder of the consortium, completes the alliance by bringing additional international presence and industrial experience. Its participation in other recent acquisitions demonstrates a sustained interest in expanding its presence in Europe.
A stressed market that pushes for strategic purchases
The possible incorporation of Padese This consortium comes at a crucial time. Avian flu forced millions of animals to be sacrificed in different European countries, causing a rise in prices and a reconfiguration of production capacities. At the same time, African swine fever has changed consumption patterns in several markets, boosting demand for alternative proteins such as chicken and turkey.
Although these factors do not directly explain trading, they nevertheless create a favorable environment for the operations of companies seeking stability, greater capacity and geographic diversification. Businesses are looking to ensure volume, logistics efficiency and resilience to future disruptions.
The precedent: the offer for Uvesa which aroused interest
A few months earlier, Lusiaves had participated in an intense race to acquire Uvesa, one of the country’s largest producers. The Ukrainian MHP won this auction with an offer of 410 million, which demonstrates the magnitude of the value that international players attribute to the Spanish market.
This operation served as a thermometer. The proposed figures consolidated the idea that companies with a solid structure, vertical integration and a recognized brand could become strategic assets of maximum interest. The gaze, inevitably, was directed towards Padese.
Production, margins and value: the financial attractiveness of Padesa
Estimates for 2025 place the company’s turnover at around 450 million euros and an EBITDA of 70 million, with a margin of 15%. These indicators are particularly relevant for a sector where operational efficiency and cost control determine much of competitiveness.
In addition, the chicken and turkey production capacity, reinforced by its network of farms and processing plants, positions the company among the largest in the country. Its structure allows it to supply traditional circuits as well as mass distribution and manufacturers of processed products.
The next steps towards closing the transaction
The exclusivity granted to the consortium, as indicated by Expansión, marks the beginning of a critical phase. Over the coming weeks – and always subject to internal analysis – the companies are expected to define the exact scope of the operation, the final valuation and the future integration of the company into the new group.
Market sources suggest that the transaction would not be finalized until the end of 2025, given that auditing, regulatory and approval processes may be extended to transactions of this type. However, the interest of integrating Padese responds to a long-term strategy aimed at consolidating the industrial leadership of the Iberian Peninsula.
A step change in the Spanish poultry industry
The potential sale represents a new episode in the reorganization of the sector, where scale, diversification and vertical integration have become decisive factors in competing. If the operation is successful, it could position the consortium as one of the main players in the national market and modify the balance of power in the sector.
Regardless, attention continues to be focused on Padesewhose role in this operation will be decisive in understanding the immediate and future direction of the Spanish poultry sector.
The progress of these negotiations confirms that the poultry market is experiencing a cycle of great dynamism and that the outcome of the process concerning Padese will constitute a benchmark for the operations of companies in the sector for years to come.
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