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Mexican poultry processor Bachoco to acquire pet food company

Post a commentBy Aidan Fortune , 13-Jul-2017
Last updated on 13-Jul-2017 at 12:01 GMT2017-07-13T12:01:42Z

Bachoco is looking to get into the pet treats sector
Bachoco is looking to get into the pet treats sector

Mexican poultry processor Bachoco S.A.B. de CV (Bachoco) has reached an agreement to acquire La Perla, a pet food company located in the state of Queretaro.

The acquisition comprises all the assets of the company, including La Perla’s brands - CanPro, Choice Nutrition and Cat-trina. La Perla has the capacity to produce over 65,000 tons of dry pet food a year.

Bachoco expects to close the deal shortly, through its subsidiary Campi Alimentos S.A. de CV.

Rodolfo Ramos, Bachoco’s chief executive officer, said: “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. 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.”

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