Bachoco to acquire assets of Grupo Sanjor
Sanjo is 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.
04/07/05 Mexico, Industrias Bachoco S.A. de C.V., Mexico's leading producer and processor of poultry products, has announced that it had reached an agreement to acquire all the assets of Grupo Sanjor.
The company announced on February 23, 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.
The acquisition will be financed with internal resources and operation of the facilities by Bachoco will take effect immediately.
Industrias Bachoco S.A. de C.V. is Mexico's leading producer and processor of poultry products with over 700 production and distribution facilities throughout the country. The Company is also Mexico's second largest producer of table eggs. It sells swine to meat packers for the production of pork products and is an important player in the balanced feed industry. The Company posted net sales of $1.19 billion USD for 2004 divided among the Company's four main product lines as follows: 78.82% chicken and chicken-related products, 6.62% balance feed, 10.66% table eggs and 3.90% swine and other lines.
