Sector News

Mexican poultry group Bachoco in deal for chicken firm Albertville

July 18, 2017
Food & Drink

Mexican poultry group Industrias Bachoco has agreed to acquire Alabama-based Albertville Quality Foods, a manufacturer of consumer meat products including chicken strips and breakfast sausage.

Albertville mostly produces chicken pieces under the AQF and Top Chick Chicken brands. It will be incorporated into Bachoco’s OK Foods subsidiary; Bachoco expects a short turnaround between the announcement, made today, and completion of the deal.

Financial terms of the deal were not publicly disclosed, but sales of Albertville’s value-added meat products generated $270 million last year.

As well as AQF and Top Chick Chicken, the company produces Papa C’s and Southern Quality branded sausage.

Bachoco CEO Rodolfo Ramos said: “With this acquisition, we will continue the growing of our US operation, mainly with further processed products. We are confident that we will be able to quickly integrate this company into our current operations and to capitalise the opportunities and synergies we have identified.”

Bachoco will hope to capitalise on consumer demand for fresh and ready-to-cook chicken products, which offer a convenient mealtime solution while tapping into the trend for food that can be shared with others.

As Birds Eye – the frozen chicken brand – explained in February, there is a desire among shoppers for “casual and versatile adult dining options”.

Mexico’s leading poultry processor, Bachoco will also sense opportunity in Brazil’s carne fraca scandal, with confidence in exports of meat from Brazil – a major poultry exporter – seriously dented by malpractice in the supply chain.

Brazil exported $6.9 billion’s worth of poultry and $5.5 billion of beef last year, Reuters reported, with particular triumphs in exports to the US and China.

But government health officials were accused of accepting bribes to overlook contaminated or even rotten meat destined for export overseas.

The country’s largest poultry firm, BRF, and meat packing giant JBS were among those implicated.

The number of countries that either suspended or curtailed imports of meat from Brazil rose to at least 35, FoodBev reported in March.

Earlier this month, a report from the Brazilian Ministry of Agriculture found there was no evidence authorities knew about salmonella contamination in samples of poultry meat prior to it being exported to the European Union (EU).

According to the findings, the samples showed no signs of typhimurium or enteritidis – the two strains of salmonella dangerous to humans – suggesting that authorities had no cause to be suspicious about other shipments of meat.

Source: FoodBev.com

comments closed

Related News

January 29, 2023

Danone appoints three new deputy CEOs

Food & Drink

Danone has appointed three deputy CEOs to “better connect categories and regions” and drive the delivery of its ‘Renew Danone’ strategy. The new appointees are Veronique Penchienati-Bosetta, Shane Grant and Juergen Esser. They will report to Danone CEO Antoine de Saint-Affrique.

January 29, 2023

PepsiCo Portugal invests €7.5m in biodigester

Food & Drink

PepsiCo Portugal has announced that it will invest €7.5 million to construct a new biodigester, which will turn organic waste into biogas. As well as helping its Carregado facility to achieve a 30% reduction in carbon emissions, the biodigester will also contribute to reducing gas consumption, allowing the installation to use the biogas produced during the anaerobic digestion process.

January 29, 2023

Kerry’s fellowship with Upcycled Food Foundation explores future of food waste prevention

Food & Drink

Kerry is sponsoring The Kerry Upcycled Food Foundation Fellowship in a new partnership with the Upcycled Food Foundation (UFF), the non-profit subsidiary of the Upcycled Food Association (UFA). The research fellowship is the second initiated by the UFF and will work toward advancing the understanding of the market, consumer perception and technical opportunities of upcycled food.

How can we help you?

We're easy to reach