Mexico-Based Industrias Bachoco Plans Fully Cooked Facility In Oklahoma City, Oklahoma
According to the firm, the acquisition from American Foods Group is valued at approximately $11 million dollars and comprises all the assets located in Oklahoma City. The plant has a capacity to produce over 700,000 pounds per week of fully cooked chicken products.
Rodolfo Ramos, Bachoco's CEO said, "This is a strategic acquisition for our Company as we continue to streamline and improve the product mix in our U.S. operations. This means that we will be able to integrate other further processed customers into our sales mix and move out from the commodity market. This strategy is in line with our growth plans in the U.S."
The company expects to close the deal in February, 2016 through OK Foods subsidiary located in Arkansas and Oklahoma, Bachoco officials said.
Bachoco is a vertically integrated Company headquartered in Celaya, Guanajuato, located in Central Mexico. Its main business lines are: chicken, eggs, balanced feed, swine, and other products. Bachoco owns and manages more than a thousand facilities, organized in nine productive complexes and 64 distribution centers in Mexico, and a productive complex in the United States. Currently the Company employs more than 25,000 people.
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