Bachoco announced that it has achieved a business agreement to acquire 100% of the capital equity of Norson Holding S. de R.L. of C.V., a vertically integrated pork producer and exporter, located in Sonora, Mexico. With more than 40 years of presence in the market, Norson is a relevant pork producer in Mexico. Norson’s integration consists of genetics, hog farms, feed mills, slaughter and cut facilities, value added facilities, distributions centers and owned retail shops. Norson also participates in the export market; USA, Japan, China and Korea are their main commercial destinations. This, along with the effort of more than 3,600 collaborators, has allowed them to be one of the leading companies within their industry. This agreement must be reviewed by Mexican antitrust authorities, COFECE. Once authorized, more details of the transaction will be given.
Published first on TheFly
