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Bachoco agrees with Grupo Agra to expand its table eggs

Bachoco and Grupa Agra has come to a consensus on a rent scheme and the control of facilities.

Industrias Bachoco, Mexico's leading producer and processor of poultry products announced that it has come to agreements with "Grupo Agra", a table eggs company located in the states of Nuevo Leon and Coahuila in Northeast Mexico.
The agreement is to set up a rent scheme of the facilities, which include laying hens farms with a capacity of approximately 1.0 million hens, a table eggs processing plant, distribution centres, and the Agra brands. In addition, Bachoco will acquire all the working capital.

"This agreement brings flexibility to our business and reinforces our table eggs business line in the northeast market of the country. We will immediately focus on the integration of this operation with our table eggs operation located in the state of Coahuila and take advantage of synergies," said Cristobal Mondragon, Industrias Bachoco CEO.

The agreement will be financed with internal resources and Bachoco will take control of the facilities immediately.

Industrias Bachoco S.A.B. de C.V. has grown into the largest poultry company in Mexico, with over 700 production and distribution facilities currently organised in seven complexes throughout the country.

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Editor WorldPoultry

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