Sunday, July 14, 2024

Bachoco acquires U.S. fully-cooked facility

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CELAYA, Mexico — Industrias Bachoco S.A.B. de C.V., Mexico's leading producer and processor of poultry and other food products, announced it has reached an agreement to acquire from American Foods Group, a fully-cooked facility located in Oklahoma City, Okla.

The transaction is valued at approximately $11 million dollars. This acquisition comprises all the assets located in Oklahoma City, with a capacity to produce more than 700,000 pounds per week, of fully cooked chicken products.

Rodolfo Ramos, Bachoco's chief executive officer, stated: "This is a strategic acquisition for our company as we continue to streamline. . .

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