Mexico's Bachoco Enters US Market With Poultry Co. Buy

Law360, New York (October 28, 2011, 5:48 PM EDT) -- Mexican poultry producer Bachoco SA de CV has acquired a privately owned U.S. poultry company, the company's first entry into the U.S. market, Bachoco announced Friday.

Bachoco's purchase of O.K. Industries Inc. will take effect immediately, the company said. Financial details of the deal were not disclosed.

CEO Rodolfo Ramos said the purchase would enable Bachoco to enhance its presence in the region and leverage O.K. Industries' 68 years of production and distribution experience to gain a better understanding of the U.S. chicken market.

"This acquisition...
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