Rica Foods, Inc (Amex: RCF) announced today that it has signed a Stock Purchase Agreement (the "Agreement") to acquire an 80% controlling interest in Industrias Avicolas Integradas, S.A., a Nicaraguan corporation ("INDAVINSA"), in exchange for cash and stock of RCF. The acquisition is structured for RCF to deliver, upon closing, 100,000 shares of its Common Stock along with US $300,000.