Bachoco, a Mexican producer and processor of poultry and other food products, announced July 12, 2017 that it reached an agreement to acquire La Perla, a Pet Food company located in the Mexican state of Queretaro.
This acquisition comprises all assets, which are located in the State of Queretaro in Central Mexico, including La Perla's brands, like CanPro, Choice Nutrition and Cat-trina, among others.
These assets have the capacity to produce over 65,000 tons of dry pet food per year and also comprise a facility for producing pet food treats.
Bachoco is a vertically integrated Company headquartered in Celaya, Guanajuato located in Central Mexico. Its main business lines are chicken, eggs, balanced feed, swine, and other products. Bachoco owns and manages more than a thousand facilities, organized in nine productive complexes and 64 distribution centers in Mexico, and a productive complex in the US.
"With this acquisition we are increasing significantly our pet food capacity, a product line in which we have had satisfactory results so far, and in which we see an interesting future,” stated Rodolfo Ramos, Bachoco's chief executive officer, in a press release. “Furthermore, this acquisition will allow us to enter into the pet food treats market, a growing sector in this business line. We will look to integrate this operation, as soon as possible, into our normal operations and capture the opportunities we have identified."
The company expects to close the deal through its subsidiary Campi Alimentos S.A. de C.V.
