Sigma Alimentos Buys Into US

Mexico-based food company Sigma Alimentos, a unit of conglomerate Alfa, is acquiring US-based processed foods company Bar-S Foods Co. for an undisclosed amount. An Alfa spokesman says that part of the deal will be financed with cash and part with a credit facility the company already has in place. He declines to offer details of the credit facility or to name the financial advisors, citing confidentiality agreements. In 2009, Bar-S reported revenue of $535m. The company operates 3 production plants and a distribution center in Oklahoma. Its product line includes franks, lunchmeats, bacon, dinner sausages and corn dogs, all sold nationwide under the Bar-S brand. The closing of this transaction is subject to regulatory approvals.