Industrias Bachoco S.A.B. de C.V., Mexico, announced plans to invest in Sonora Agropecuaria S.A. de C.V. (SASA), a Mexico City, Mexico-based swine processing and distributor.
SASA boasts a production capacity of about 15,000 swine per week, and participates in the national and export markets.
"This agreement will make synergies with our actual live swine business, while allowing us to accelerate our rhythm of growth and continue to move forward in the process of diversification on other animal proteins,” says Rodolfo Ramos, chief executive officer of Bachoco. “We will look to complete this process at the beginning of 2020 and capture the opportunities we have identified."