Spanish meat giant Vall Companys Group records over US$4.5B in revenue

SPAIN – Vall Companys Group, a leading player in Spain’s meat processing industry, is reporting a turnover of US$4.53 billion (4.163 billion euros) for the 2024 financial year, slightly up from US$4.51 billion (4.148 billion euros) in 2023.

The company attributes this growth to favourable pork prices in the Mercolleida market and recent acquisitions and integrations across several regions.

Key transactions in 2024 include the merger of Montesano into subsidiary Frimancha Canarias and the purchase of Ganaderías Casaseca, Comercial Vera, and Paletas Marpa.

The group’s total revenue is spread across multiple divisions, with pork accounting for 49.3%, poultry for 22%, and flour for 15%.

While pork products continue to see strong export demand, especially from Central Europe and Asia, poultry and flour sales remain largely within Spain, with exports representing about 7% for both.

The company says its ongoing reinvestment strategy is central to its growth, with US$128.5 million (118 million euros) invested in upgrading facilities in 2024 alone.

This brings the group’s total facility investment between 2021 and 2024 to around US$457 million (420 million euros).

Vall Companys closed the year with a net profit of US$303.5 million (279 million euros), reflecting a 6.7% margin and a near one-point increase over 2023.

It attributes this improvement to efficient cost management, strategic sourcing of raw materials and energy, and leveraging internal commercial efficiencies.

Employment and Community Impact

The group says it paid around US$189 million (174 million euros) in taxes and social security contributions, supporting public welfare systems.

Its workforce grew by 3% to 14,406 employees, most of whom are based in rural production areas across Spain.

In addition, it provided over 41,000 hours of staff training and spent over US$521,000 (480,000 euros) on professional development in 2024.

This workforce investment helped the group retain its Top Employer certification for the fifth straight year.

Growth in Latin America

The company’s Latin American footprint includes minority stakes in operations across Mexico, Peru, Colombia, Uruguay, and Brazil.

As of 2024, it holds 45% of Vallpork Mexico and 33% of Master Agroindustrial in Brazil, where it expanded its sow and pig farming operations.

Master Agroindustrial now manages 39,000 sows and processes up to 3,000 pigs daily, working with over 320 farmers and employing more than 2,000 people.

The group says this international activity is creating new professional opportunities both abroad and within its Spanish operations.

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