Two Chicks has sold a majority shareholding in its branded egg white business to Eurovo Group for an undisclosed sum today.
Established in 2007 by Anna Richey and Alla Ouvarova, the company was the first to launch a liquid egg white into UK retail, creating a new category in the process. Two Chicks is the market leader and 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.
Two Chicks is stocked in most major UK supermarkets, including Sainsbury’s, Tesco and Lidl. It also sells in global markets including France, the Netherlands, Luxembourg and the United Arab Emirates.
The current Two Chicks team will remain in place, led by the founders Anna Richey and Alla Ouvarova, who continue as shareholders. The founders 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.”