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.