Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) signed an agreement to acquire 100% stakes in RYC Alimentos, S.A. De C.V in December 2020. The agreement contemplates the acquisition of 2 plants located in Puebla and approximately 21 stores located in 4 states of the Mexican Republic (Puebla, Oaxaca, Veracruz and Tlaxcala). This transaction will be done through Industrias Bachoco S.A.B. de C.V.

Industrias Bachoco, S.A.B. de C.V. (NYSE:IBA) completed the acquisition of RYC Alimentos, S.A. De C.V for MXN 1.3 billion on January 24, 2022. Industrias Bachoco paid a purchase price of MXN 1,251.5 million to acquire RYC.