Houlihan Lokey Advises Hillandale Farms

Houlihan Lokey’s Consumer Group is pleased to announce that Hillandale Farms (Hillandale), one of the largest U.S. egg suppliers, has been acquired by Global Eggs, a holding company controlled by Brazilian entrepreneur Ricardo Faria, in a transaction valued at $1.1 billion.

This deal represents another successfully closed transaction for Houlihan Lokey in the protein and agriculture sector. The deal closed May 12, 2025.

Hillandale, based in Gettysburg, Pennsylvania, is a leading producer and distributor of a full portfolio of fresh shell eggs, including cage-free, free range, and organic eggs. The company serves as an essential partner to a diverse customer base across retail, foodservice, and industrial channels. Founded in 1958 by Orland Bethel, Hillandale has remained family-owned and operated while growing to operate several state-of-the-art production and distribution facilities across the U.S. Under the leadership of the Bethel family, the company has become a key player in the U.S. egg industry.

Global Eggs, founded and controlled by Ricardo Faria, is a Luxembourg-based fast-moving consumer goods platform with significant egg production operations in Brazil through Granja Faria. The company has recently expanded its international presence with the acquisition of Grupo Hevo in Spain and is focused on building a scaled, global footprint in egg production and distribution. The acquisition of Hillandale represents a critical entry point into the U.S. market and a meaningful step in advancing the company’s long-term international growth strategy.

Houlihan Lokey served as the exclusive financial advisor to Hillandale and assisted in structuring and negotiating the transaction on its behalf. Metz Lewis served as the legal advisor to Hillandale.

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