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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"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.
For the latest newsletter via email, click here
