CELAYA, Mexico — Industrias Bachoco S.A.B. de C.V. (Bachoco) has announced that, through its subsidiary OK Foods, reached an agreement to acquire Alabama-based Albertville Quality Foods.
AQF produces and sells value added further processed products, with sales of around $270 million a year.
“With this acquisition, we will continue the growing of our U.S. operation, mainly with further processed products,” said Rodolfo Ramos, CEO of Industrias Bachoco. “We are confident that we will be able to quickly integrate this company into our current operations and to capitalize the opportunities and synergies we have identified.”
The company noted that it expects to close this acquisition soon.