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Mexican poultry giant buys U.S. hatchery assets
Story Date: 7/11/2013
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Source: Rita Jane Gabbett, MEATINGPLACE, 7/10/13
Mexican poultry giant Industrias Bachoco announced it agreed to buy the breeding assets in Arkansas of Morris Hatchery.
These assets comprise mainly equipment and bird inventory. This operation has a capacity of around 350,000 housand laying hens that produces hatching eggs.
"This is a strategic acquisition for our Company for several reasons; first, it will rapidly reinforce our supply of hatching eggs for our Mexico and U.S. operations, thus ensuring a proper supply of chicken for our customers,” said, Bachoco CEO Rodolfo Ramos. “Secondly, it represents a step towards our organic growth, and; lastly, this operation is located in a region far enough from our current breeding complexes, thereby increasing dispersion and reducing sanitary risks for our operations."
Bachoco owns and manages more than a thousand facilities, organized in nine productive complexes and 64 distribution centers in Mexico, and a production complex in the United States. Its main business lines are: chicken, eggs, balanced feed, swine, and turkey and beef value-added products.
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