Bachoco completes acquisition of Oklahoma facility from American Foods Group

Mexico-based poultry processor Industrias Bachoco’s (Bachoco) unit has completed the acquisition of a fully cooked chicken product plant from American Foods Group, which is based in Oklahoma, US.

The transaction, which will be effective immediately, was announced in December.

Bachoco’s subsidiary OK Foods, which has operations in Arkansas and Oklahoma, acquired American Foods Group for $8m.American Foods’ facility in Oklahoma has the capacity to produce more than 700,000lb of fully cooked chicken products every week.

Established in 1952, Bachoco’s main business lines are in chicken, eggs, balanced feed, swine and other products.

With more than 25,000 employees, the company owns and manages over a thousand facilities, which are categorised in nine productive complexes and 64 distribution centres in Mexico. It also operates a productive complex in the US.

The chicken processing industry has recently been experiencing expansions, mergers and acquisitions.

Perdue Foods, a subsidiary of Perdue Farms, announced its plans to invest $10.9m to expand its facility in Rockingham, North Carolina, reported Food Dive.

Under the expansion plan, Perdue intends to add a ground chicken production line and hire 30 employees over the next three years.