Bachoco Completes Acquisition of Mexico’s RYC Alimentos
Mexico’s Industrias Bachoco has completed the acquisition of privately held meat processor RYC Alimentos, expanding its footprint in value-added protein products, said the company.
The deal gives Bachoco ownership of two processing plants in Puebla and around 21 retail outlets across Puebla, Oaxaca, Veracruz and Tlaxcala. Financial terms were not disclosed.
Founded in 1983, RYC produces and sells beef, pork and chicken products and generates annual net sales of approximately $150 million. The company employs more than 900 people. Bachoco said the transaction was completed...
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