Mexican poultry manufacturer Industrias Bachoco has reached an agreement to acquire 100% of the stocks of meat producer RYC Alimentos.
The deal includes the acquisition of two facilities in Puebla, Mexico, as well as approximately 21 stores located in four Mexican states: Puebla, Oaxaca, Veracruz and Tlaxcala.
Founded in 1983, RYC produces and distributes beef, pork and chicken. The company’s stockholder equity is valued at $61 million, with net sales of around $150 million per year.
Meanwhile, Bachoco is described as “one of the largest poultry producers globally” and its main products include chicken, eggs and swine.
Terms of the deal were not disclosed.
© FoodBev Media Ltd 2021
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