Cuatrecasas represents Loto Hermanos in the sale of RYC Alimentos to Industrias Bachoco

Cuatrecasas has assisted Loto Hermanos, S.A. in the sale of 100% of the shares of RYC Alimentos to Industrias Bachoco

 Cuatrecasas, through its office in Mexico, has represented Loto Hermanos, S.A. de C.V. in the sale of 100% of the shares representing the share capital of RYC Alimentos, S.A. de C.V., and subsidiaries owned by it, to Industrias Bachoco, S.A.B. de C.V.

The complexity of the transaction was due to a process between the client, the firm and the counterparty’s advisors, as the sale had to be authorised by the Mexican Federal Competition Authority.

Founded in 1983, RYC Alimentos is a meat processor and marketer with national coverage, participating in all distribution channels with fresh and value-added products. Although RYC Alimentos started as a family business, it has achieved exponential growth in the recent past, positioning it as a leader in different channels of the prepared food sector.

Bachoco is a leader in the poultry industry in Mexico and the sixth largest chicken producer in the world. Founded in 1952, the company is also engaged in the production and marketing of live pigs, the production and marketing of value-added turkey and beef products, and the production and marketing of balanced feed, mainly to other poultry and livestock producers.

Cuatrecasas’ team was led by partner Santiago Ferrer (pictured left), assisted by associates Fernando Ruiz (pictured top right), Iván Esquivel (pictured bottom right) and law clerk Emilio Ruvalcaba.