Houlihan Lokey Advises Albertville Quality Foods

Houlihan Lokey is pleased to announce that Albertville Quality Foods, Inc., (AQF), a portfolio company of H.I.G. Capital, LLC, has been acquired by OK Foods, Inc., a subsidiary of Industrias Bachoco S.A.B. de C.V. (NYSE:IBA, Bachoco). The transaction closed on July 17, 2017.

AQF, based in Albertville, Alabama, is a leading manufacturer of further-processed protein products, delivering value-added solutions across multiple species (poultry, beef, and pork) for its customer base. AQF has developed long-standing relationships with blue-chip customers in quick-service and casual restaurant, foodservice, and retail channels. AQF operates two facilities and employs approximately 1,000 people.

OK Foods, based in Arkansas, is a leading vertically integrated chicken processor in the U.S. Founded in 1932, the company offers a wide variety of chicken products, including those individually frozen, seasoned, and fully cooked. OK Foods employs over 3,000 people and serves retail, foodservice, restaurant, commodity, military, and industrial customers.

Bachoco, headquartered in Celaya, Guanajuato, is the leader in the Mexican poultry industry and one of the largest vertically integrated poultry producers globally. Founded in 1952, the company became public in 1997. Bachoco owns and manages more than 1,000 facilities, which are organized in nine production complexes and 64 distribution centers in Mexico and a production complex in the United States. Currently, Bachoco employs more than 25,000 people.

H.I.G. Capital is a leading global private equity investment firm with approximately $22 billion of equity capital under management. H.I.G. Capital's team includes over 300 investment professionals and has substantial operating, consulting, technology, and financial management experience, which enables them to contribute meaningfully to their portfolio of companies.


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