Industrias Bachoco: Mexican poultry group in ...
Industrias Bachoco

Mexican poultry group in deal for chicken firm Albertville

OK Foods

MEXICO, Guanajuato. Mexican poultry group Industrias Bachoco has agreed to acquire Alabama-based Albertville Quality Foods, a manufacturer of consumer meat products including chicken strips and breakfast sausage. This was reported by FoodBev Media.

Albertville mostly produces chicken pieces under the AQF and Top Chick Chicken brands. It will be incorporated into Bachoco’s OK Foods subsidiary; Bachoco expects a short turnaround between the announcement, and completion of the deal.

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.

Source: Food Bev Media