Bachoco expands investment in Arkansas
by July 10, 2013 12:44 pm 225 views
Mexico-based Bachoco, owner of O.K. Foods, is expanding its investment in Arkansas as the poultry company signed a deal to acquire the breeding assets of Morris Hatchery Inc. located in south Arkansas, near Warren.
These assets comprise mainly equipment and bird inventory. This operation has a capacity of around 350,000 thousand laying hens that produces hatching eggs.
"This is a strategic acquisition for our company for several reasons; first, it will rapidly reinforce our supply of hatching eggs for our Mexico and U.S. operations, thus ensuring a proper supply of chicken for our customers. Secondly, it represents a step towards our organic growth,” said Rodolfo Ramos CEO.
He said the location in south Arkansas is far enough from its other breeding complexes, thereby” increasing dispersion and reducing sanitary risks.”
This acquisition will take effect immediately