Industrias Bachoco Mexican poultry group in deal for chicken firm Albertville
The deal will cost Bachoco around $140 mill., with sales of Albertville’s products generating $270 mill. last year. As well as AQF and Top Chick Chicken, the company produces Papa C’s and Southern Quality branded sausage.
Bachoco CEO Rodolfo Ramos said: “With this acquisition, we will continue the growing of our US operation, mainly with further processed products. We are confident that we will be able to quickly integrate this company into our current operations and to capitalise the opportunities and synergies we have identified.”
Mexico’s leading poultry processor, Bachoco will also sense opportunity in Brazil’s carne fraca scandal, with confidence in exports of meat from Brazil – a major poultry exporter – seriously dented by malpractice in the supply chain.