August 26, 2011
Industrias Bachoco acquires Trosi de Cannes
Mexico-based Industrias Bachoco has acquired the assets of Trosi de Cannes in an agreement with Grupo OSIS with immediate effect.
The facility located in Monterrey, Nuevo Leon in Northern Mexico has an annual sales figure of approximately MXN250 million (US$20 million).
Trosi de Carnes produces and sells processed beef and chicken. Trosi de Carnes's products include hamburgers, chicken nuggets and other value added products for the retail and commercial segments in Mexico. This facility also exports a portion of its production to Puerto Rico and Central America.
Rodolfo Ramos, Bachoco's Chief Executive Officer, stated, "With the acquisition of this new facility, the company seeks to diversify its product line, entering into the further processed products line for beef, with capacity to enter into pork products, as well as leveraging the experience of a recognised company."