Industrias Bachoco S.A.B. (known simple as “Bachoco”), one of the most important producers and processors of poultry from Mexico and one of the largest poultry producers globally, has reached an agreement to buy the assets of the Mexican pet food company La Perla, who has it’s headquarters in the Mexican state of Queretaro. The company didn’t offer any details of the transaction.
The deal struck between the two companies includes all the assets of La Perla, including La Perla’s Brands, like Choice Nutrition, Cat-trina, CanPro, among others. The production capacity of all these assets comes up to 65,000 tons a year of dry pet food.
“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,” CEO Rodolfo Ramos declared in a statement. “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”, Rodolfo Ramos said.
