Industrias Bachoco, S.A. de C.V., a Mexico-based poultry producer, announced the acquisition of two companies for approximately U.S.$163 million. The target companies are U.S.-based Albertville Quality Foods, and La Perla, a Mexican pet food company.
Thermion, Mexico-based power generation company, will invest approximately U.S.$2 billion in the construction of 10 wind and solar power plants in the Mexican States of Tamaulipas, Sonora, Coahuila, Nuevo Leon and Guanajuato in the next five years. The project will be financed with the placement of CKDs in the Mexican stock market.
Mexico-based & global baking giant Grupo Bimbo announced the purchase of the multinational U.S.-based East Balt Bakeries for approximately U.S.$650 million by the end of 2017. The acquisition represents an expansion in eight new markets in Europe, Asia and Africa for the global baking company.