Bachoco acquires breeding assets in US
Industrias Bachoco, Mexico's leading producer and processor of poultry and other food products, has reached an agreement to acquire the breeding assets of Morris Hatchery, in the US state of Georgia.
In 2013, Bachoco acquired the breeding assets in the state of Arkansas of Morris Hatchery Inc.
These latest assets comprise mainly bird inventory and equipment. The operation in Georgia has a capacity of around one million laying hens that produces hatching eggs.
"Supporting ogranic growth"
"This is the next step to strengthen this particular stage of our supply chain, which allows us to support the organic growth of the company and, at the same time, increase our geographical dispersion and reduce risky situations," said Rodolfo Ramos, Bachoco's Chief Executive Officer. This acquisition will take effect immediately.
Bachoco is a vertically integrated Company headquartered in Celaya, Guanajuato located in Central Mexico. Its main business lines are: chicken, eggs, balanced feed, swine, and other products. Bachoco owns and manages more than a thousand facilities, organised in nine productive complexes and 64 distribution centers in Mexico, and a productive complex in the United States.
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