OK Foods Acquires American Foods Group Plant In Oklahoma City
FORT SMITH, Ark. (February 1, 2016) – OK Foods, a subsidiary of Industrias Bachoco, took operating control of a fully cooked chicken product plant in Oklahoma City on Monday. The plant, formerly owned by American Foods Group, is capable of producing 700,000 pounds of product per week.
OK Foods President and CEO Trent Goins stated “I am excited to meet the employees of the Oklahoma City plant and welcome them into the OK Foods Family. The plant will not only benefit our company’s strategic position by meeting customer demand, but most importantly, it will balance employee workload among all OK Foods plants more efficiently.
Rodolfo Ramos, Bachoco’s Chief Executive Officer, stated:
“This is a strategic acquisition for our Company as we continue to streamline and improve the product mix in our U.S. operations. This means that we will be able to integrate other further processed customers into our sales mix and move out from the commodity market. This strategy is in line with our growth plans in the U.S.”
The acquisition was announced December 2015 and closed February 1, 2016.