Jamaica Broilers Group Limited (JBG) has advised that it has acquired a second hatchery Assets in the United States, which is expected to grow its hatching capacity by 40 per cent.
The Company advised that the acquisition was finalized on October 4, 2017, and that under the terms of the transaction, the purchase price is to remain confidential. “The acquisition cost did not exceed 5% of the net worth of the Company,” stated JBG.
JBG also advised that the new facility will be renamed “International Poultry Breeders Hatcheries, Inc”. It had operated as Bell & Evans Hatchery, in Big Valley, Pennsylvania. The acquisition will enable the group to access a larger company base, reduce any bio-security risk factors faced by its customers and lower delivery mileage, the Company said.