M&A Deal Summary

Industrias Bachoco Acquires Albertville Quality Foods

On July 17, 2017, Industrias Bachoco acquired food company Albertville Quality Foods from H.I.G. Private Equity

Acquisition Highlights
  • This is Industrias Bachoco’s 3rd transaction in the Food sector.
  • This is Industrias Bachoco’s 2nd transaction in the United States.
  • This is Industrias Bachoco’s 1st transaction in Alabama.

M&A Deal Summary

Date 2017-07-17
Target Albertville Quality Foods
Sector Food
Buyer(s) Industrias Bachoco
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Albertville Quality Foods

Albertville, Alabama, United States
website
Albertville Quality Foods, Inc. is a processor of poultry, producing frozen chicken tenders. Albertville Quality Foods was founded in 1962 and is based in Albertville, Alabama.

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Buyer(S) 1

Buyer

Industrias Bachoco

Celaya, Mexico

website


Category Company
Founded 1952
Sector Consumer Products
Employees34,250
Revenue 81.7B MXN (2021)
DESCRIPTION

Industrias Bachoco through its subsidiaries, operates as a poultry producer in Mexico and the United States. Industrias Bachoco was founded in 1952 and is based in Celaya, Mexico.


DEAL STATS #
Overall 3 of 5
Sector (Food) 3 of 5
Type (Add-on Acquisition) 3 of 5
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Proveedora La Perla S.A. de C.V.

Queretaro, Mexico

Proveedora La Perla S.A. de C.V. is a company dedicated to manufacturing pet food. The company brands includes La Perla's Brands, like CanPro, Choice Nutrition and Cat-trina, among others. Proveedora La Perla is based in Queretaro, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 RYC Alimentos

Puebla, Mexico

RYC Alimentos is a meat processor and distributor mainly of beef, pork, and chicken with national coverage that participates in all the distribution channels with fresh and value-added products. RYC Alimentos was founded in 1983 and is based in Puebla, Mexico.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1993
PE ASSETS 57.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $500 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 88 of 153
Sector (Food) 4 of 6
Type (Add-on Acquisition) 37 of 65
State (Alabama) 1 of 1
Country (United States) 67 of 112
Year (2017) 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-10 BIC Graphic

Clearwater, Florida, United States

BIC Graphic is a large supplier in the promotional products industry, specializing in customized writing instruments, hard goods and calendars. BIC Graphic’s quality, innovation, and service are highly regarded by tens of thousands of distributor customers. The Company operates three manufacturing facilities across the United States plus a highly strategic product sourcing operation in Hong Kong and mainland China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Cornerstone Chemical

Waggaman, Louisiana, United States

Cornerstone Chemicals is a producer of a group of high-value intermediate chemicals, including acrylonitrile, melamine, sulfuric acid and diesel exhaust fluid. The company manufactures its products in multiple plants on its owned and highly-integrated 800-acre chemical complex. Cornerstone Chemical was established in 1952 and is headquartered in Waggaman, Louisiana.

Sell -