Mexico

Bachoco signs investment agreement with Sonora Agropecuaria

Mergers & Acquisitions

The company intends to accelerate the rhythm of growth and to move forward in the process of diversification on other animal proteins.

Posted on Dec 04 ,07:01

Bachoco signs investment agreement with Sonora Agropecuaria

Industrias Bachoco leading producer and processor of poultry and other food products, announced today that an agreement has been reached on investing in the company Sonora Agropecuaria S.A., a swine processing and distributor company with operations in the states of Sonora and Jalisco. With a production capacity of about 15,000 swine per week, Sonora is ranked among the top ten processors in Mexico and it is present in both domestic and external markets, according to Swineweb magazine.
"This agreement will make synergies with our actual live swine business while allowing us to accelerate our rhythm of growth and continue to move forward in the process of diversification on other animal proteins", stated Rodolfo Ramos, Bachoco’s Chief Executive Officer. The process of investment is to be complete at the beginning of 2020, Mr. Ramos added.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

UK

Brexit hits again the British meat industry

UK government has delayed to address a couple of sensitive issues such as new export certificatio...


Read more Read more
Australia

Aussie lamb and mutton exports to decline

Australia has a chance to faster rebuild its national flock as data collected by Meat and Livesto...


Read more Read more
Denmark

Denmark looks to halve food waste

Denmark waste almost 700,000 tonnes of food every year, of which two-thirds are coming from vario...


Read more Read more
Websolutions by Angular Software and SpiderClass