Poultry producer and processor Industrias Bachoco has announced that it has reached an agreement to acquire all the assets of Grupo Sanjor.
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The company said on 23 February 2005, that it had started evaluating the possibilities for a business relationship with Sanjor, a private poultry company located in the Yucatan Peninsula, with production of approximately 300 thousand chickens per week and 100 thousand table egg-laying hens per cycle.
“We are very satisfied with this agreement, which will give us presence in the table eggs industry in that region of the country and will allow us to reinforce our leading position in the Mexican chicken industry,” said Cristobal Mondragon, CEO of Industrias Bachoco. “In the short-term, our priority is to integrate this new operation with the rest of our company, to take advantage of the synergies and raise it to the same level of efficiency as at our other operations.”
The acquisition will be financed with internal resources and operation of the facilities by Bachoco will take effect immediately.
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