Industrias Bachoco S.A.B. de C.V., a Mexican producer and processor of poultry and other food products, announced the closing of the acquisition process of a fully cooked chicken product plant from American Foods Group located in Oklahoma City, OK., announced on December, 21, 2015.
The process was performed through Bachoco's subsidiary OK Foods, located in Arkansas and Oklahoma.
The final value of the transaction was at approximately $8 million dollars. This acquisition comprises all the assets located in Oklahoma City, with a capacity to produce over 700,000 pounds per week, of fully cooked chicken products.
This acquisition will take effect immediately.
Source: Industrias Bachoco