ALPHAs Sigma Alimentos Acquires Bar-S Foods

MONTERREY, MexicoALFA, S.A.B. de C.V. (ALFA), parent company of Sigma Alimentos, S.A. de C.V. (Sigma), has acquired Bar-S Foods Co. for an undisclosed sum. The merger of Bar-S and Sigmas U.S. operations is subject to necessary regulatory approvals from U.S. authorities.

Phoenix-based Bar-S is a privately owned company that produces and markets processed meats throughout the United States. The company operates three production plants and one distribution center in Oklahoma. Its product line includes franks, lunchmeats, bacon, dinner sausages and corn dogs, all sold nationwide under the Bar-S brand. In 2009, Bar-S reported sales of $535 million and more than 1,600 employees.

Commenting on the transaction, Armando Garza Sada, ALFAs Chairman of the Board, stated: This is an important milestone in Sigmas growth strategy. With this acquisition, Sigma will become a meaningful player in the U.S. refrigerated processed meats market with an important presence in the U.S. Hispanic market."