Mexic

Mexican poultry firm Bachoco acquires pet food manufacturer

Mergers & Acquisitions

Industrias Bachoco S.A.B. (known simple as "Bachoco"), one of the most important producers and processors of poultry from Mexico and one of the largest poultry producers globally, has reached an agreement to buy the assets of the Mexican pet food company La Perla, who has it's headquarters in the Mexican state of Queretaro. The company didn't offer any details of the transaction.

Posted on Aug 04 ,15:06

Mexican poultry firm Bachoco acquires pet food manufacturer

 

The deal struck between the two companies includes all the assets of La Perla, including La Perla's Brands, like Choice Nutrition, Cat-trina, CanPro, among others. The production capacity of all these assets comes up to 65,000 tons a year of dry pet food.

“With this acquisition, we are increasing significantly our pet food capacity, a product line in which we have had satisfactory results so far, and in which we see an interesting future,” CEO Rodolfo Ramos declared in a statement. “Furthermore, this acquisition will allow us to enter into the pet food treats market, a growing sector in this business line".

“We will look to integrate this operation, as soon as possible, into our normal operations and capture the opportunities we have identified", Rodolfo Ramos said.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

USA

USMEF: April beef exports totaled 89,783 mt, down 11 percent from a year ago

April beef exports totaled 89,783 mt, down 11% from a year ago, while value fell 5% to $780.6 mil...


Read more Read more
GERMANY

Germany: What's next for the slaughter pig market

However, there is reason to hope that the market can now recover at this lower price level. A sur...


Read more Read more
USA

USMEF: U.S. pork exports on robust pace through April

Pork exports totaled 257,212 metric tons (mt) in April, 8% (and nearly 20,000 mt) above last year...


Read more Read more
Websolutions by Angular Software and SpiderClass