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Bachoco Expand its Table Eggs Business

by 5m Editor
19 December 2007, at 12:10pm

CELAYA - Mexico's leading producer and processor of poultry products, today announced that it has reached an agreement with "Grupo Agra", a table eggs company located in the states of Nuevo Leon and Coahuila in Northeast Mexico.

The agreement establishes 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 centers, and the Agra brands. In addition, Bachoco will acquire all the working capital.

Cristobal Mondragon, Industrias Bachoco CEO, said, "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."

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

5m Editor