Industrias Bachoco, a Mexico-based producer and processor of poultry and other food products, has entered into an agreement to acquire the breeding assets in Arkansas of Morris Hatchery, a U.S. company.
The assets, which primarily comprise equipment and bird inventory, have a capacity of around 350 thousand laying hens that produce hatching eggs.
Bachoco chief executive officer Rodolfo Ramos said that this is a strategic acquisition for the company for several reasons - it will rapidly reinforce the supply of hatching eggs for the company's Mexico and US operations, thus ensuring a proper supply of chicken for our customers.
The acquired operation is located in a region far enough from the company's current breeding complexes, thereby increasing dispersion and reducing sanitary risks for our operations, Ramos added.
Industrias Bachoco, established in 1952, is a vertically integrated company headquartered in Celaya, Guanajuato located in Central Mexico. Its main business lines are: chicken, eggs, balanced feed, swine, and turkey and beef value-added products.
Bachoco owns and manages more than a thousand facilities, organized in nine complexes and 64 distribution centers in Mexico, and a complex in the US. Currently the company employs more than 25,000 people.
