Industrias Bachoco Strengthens its Northeast Business with New Agreements and Assets Acquisitions
-- Acquisition of a balanced feed mill and a soybean processor plant from
"Productora de Alimentos Pecuarios de
-- Acquisition of a chicken processing plant from "Avi Carnes Monterrey,
S.A. de C.V." with a production capacity of 9,000 chickens per hour, through
our subsidiary "Bachoco". The goal of this acquisition, other than reducing
production costs, is to replace the
-- An agreement was reached to rent breeder farms and egg incubation plants from "Reproductoras Asociadas, S.A. de C.V." and one-day-old breeder capacity farms and egg incubation plants from "Produccion Avicola Especializada, S.A. de C.V."
-- Finally, to take advantage of the production capacity of the processing plant acquired, the Company also acquired their inventories and looks forward to obtain live chicken from several local producers through a contract growers scheme.
Industrias Bachoco S.A.B. de C.V. is the largest poultry company in
This press release contains certain forward-looking statements that are
subject to a number of uncertainties, assumptions and risk factors that may
influence its accuracy. Actual results may differ. Factors that could cause
these projections to differ include, but are not limited to: supply and
demand, industry competition, environmental risks, economic and financial
market conditions in
IR Contacts: Daniel Salazar, CFO Claudia Cabrera, IRO Ph. +52(461) 618 3555 email@example.com In New York: Grayling Lucia Domville Ph. (646) 284 9416 Lucia.Domville@us.grayling.com Headquarters: Industrias Bachoco, S.A.B. de C.V. Av. Tecnologico 401, Celaya, Gto. Mexico, 38010 www.bachoco.com.mx
SOURCE Industrias Bachoco S.A.B. de C.V.