Source: Tom Johnston, MEATINGPLACE, 12/22/15


Mexican poultry giant Industrias Bachoco announced Monday it has acquired a fully cooked chicken plant from American Foods Group in Oklahoma City, Okla.

The $11 million deal comprises all assets located in Oklahoma City. The plant has a capacity to produce more than 700,000 pounds per week of fully cooked chicken products, the company said in a news release.

“This is a strategic acquisition for our company as we continue to streamline and improve product mix in our U.S. operations,” Bachoco CEO Rodolfo Ramos said. “This means that we will be able to integrate other further processed customers into our sales mix and move out from the commodity market. This strategy is in line with our growth plans in the U.S.”

Bachoco said the company expects to close the deal in February 2016 through its Fort Smith, Ark.-based subsidiary OK Foods.

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