The Portuguese group Lusiaves has completed the acquisition of the majority of Padesa (Turkey and Derivatives) after receiving the green light from the CNMC. The operation, the amount of which has not been disclosed, turns Lusiaves into an Iberian giant in turkey and chicken with nearly 9,000 employees.
The Lusiaves Group has closed the purchase of the majority of the capital of Padesa (Turkey and Derivatives), one of the main poultry operators in Spain, after obtaining authorization from the National Commission on Markets and Competition (CNMC). The operation was formalised on Wednesday, September 30, according to a statement released by the Portuguese group, as reported by nexusavicultura.com.
With this acquisition, Lusiaves adds nearly 9,000 workers in Portugal, Spain, and France and projects a turnover of around 1.5 billion euros by 2026. The company's founder, Avelino Gaspar, has described the operation as "the most significant step" in its internationalisation strategy.
The purchase comes after nexusavicultura.com reported in December 2025 on the discussions for the sale of Padesa. Ultimately, neither Vall Companys nor the Peruvian Tecavi, which were mentioned as potential buyers, are included in the closure. The minority partner is the Valora Group from Portugal.
The known terms of the operation are as follows: Lusiaves takes the majority of the capital, although the exact percentage has not been made public; the Valora Group enters as a minority partner; the Salvadó and Centelles families remain as shareholders and in charge of managing Padesa, with Jordi Salvadó as executive president. The price has not been disclosed.
The statement does not clarify the exact distribution of the capital or the amount paid. The only public reference remains that published by Expansión in December, when market sources placed Padesa's valuation between 350 and 400 million euros. Neither party has confirmed that figure.
"Lusiaves has not bought a company to replace its owners: the Salvadó and Centelles families remain as shareholders and in charge. It is the same model applied in Oblanca."
The company maintains the management teams of Padesa, the identity of its brands (such as Aldelís), and the relationships with workers, producers, suppliers, and local communities. With this operation, Lusiaves adds its third acquisition in Spain in less than a year.
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