Two Chicks has sold a majority shareholding in its branded egg white business to Eurovo Group.
Established in 2007 by Anna Richey and Alla Ouvarova, the company has doubled its turnover in the past two years.
Two Chicks has been working with Eurovo, one of the largest European producers of eggs and egg products based in Italy, since 2015. In 2024, the Lionello run family business achieved approximately €1.25 billion in revenue and has a network of around 5,000 customers across 40+ countries.
Two Chicks is stocked in most major UK supermarkets, from Sainsbury’s and Tesco to Lidl. It also sells in global markets including France, the Netherlands, Luxembourg and the United Arab Emirates.
The sale will allow Two Chicks to benefit from being part of a larger group with the resources and status to help the company grow. This will include expanding the product range and branching out into new areas, as well as bringing Two Chicks products to more customers overseas, building on its existing international presence.
The current Two Chicks team will remain in place, led by the founders Anna Richey and Alla Ouvarova, who continue as shareholders. Anna and Alla said: “We are delighted to become part of the Eurovo family business, which clearly shares the same values, passion and spirit as our own.
“Furthermore, 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.”
Federico Lionello, Chief Sales & Marketing Officer at Eurovo Group, added: “I’m truly pleased about this partnership with Two Chicks.
“It’s a significant step forward for both our 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.
“I’m also happy that Anna and Alla will continue to lead the company — working together will be a real asset for our shared future.”
Two Chicks shareholders were advised by Oghma Partners (corporate finance) and Joelson (legal). Eurovo were advised by Epyon (financial) and FSREG and Gerosa Sollima e Associati (legal).