CELAYA, Mexico,
Feb. 14, 2013 /PRNewswire/ --
Industrias Bachoco S.A.B. de C.V. ("Bachoco" or "the Company") (NYSE: IBA; BMV:
Bachoco), Mexico's leading producer and processor of
poultry and other food products, announced today:
A possible outbreak of avian influenza H7N3 has been detected in
five breeder farms located in the state of Guanajuato. The company has nearly one hundred
breeder farms dispersed along the country which produce hatching
eggs for producing chickens. This type of influenza is similar to
the one detected in 2012 in other producers's laying farms in the
neighboring state of Jalisco.
The company is working with the authorities to verify the
outbreak; in case of positive confirmation, it will work with
Mexican sanitary authorities in taking necessary action.
At the same time, it is reinforcing its biosecurity measures in
all of its facilities, in particular in its breeder farms dispersed
throughout the country; this action has been one of the measures
the Company has taken in the past to reduce these kinds of
risks. The Company is also analyzing steps to mitigate
possible negative effects.
COMPANY DESCRIPTION
Industrias Bachoco is the leader in the Mexican poultry
industry, and one of the largest poultry producers globally.
The Company was founded in 1952, and became a public Company in
1997, via a public offering of shares on the Mexican and The New
York Stock Exchange. Bachoco is a
vertically integrated Company headquartered in Celaya, Guanajuato located in Central Mexico. Its main business lines are:
chicken, eggs, balanced feed, swine, and turkey and beef
value-added products. Bachoco owns
and manages more than a thousand facilities, organized in nine
productive complexes and 64 distribution centers in Mexico, and a productive complex in
the United States. Currently the
Company employs more than 25,000 people. In 2011, the Company
reported net sales of Ps. 27.7 billion.
The Company is rated AA (MEX), representing high credit
quality by Fitch Mexico, S.A. de C.V., and HR AA+ which
signals that the Company and the offering both have high credit
quality by HR Ratings de Mexico S.A. de C.V.
DISCLAIMER
The document contains certain information that could be
considered forward looking statements concerning anticipated future
events and performance of the Company. The statements reflect
management's current beliefs based on information currently
available and are not guarantees of future performance and are
based on our estimates and assumptions that are subject to risks
and uncertainties, including those described in our Annual
Information Form, which could cause our actual results to differ
materially from the forward-looking statements contained in this
document. Those risks and uncertainties include risks associated
with ownership in the poultry industry, competition for investments
within the poultry industry, shareholder liability, governmental
regulation, and environmental matters. As a result, there can be no
assurance that actual results will be consistent with these
forward-looking statements. Except as required by applicable law
Industrias Bachoco, S.A.B. de C.V. undertakes no obligation to
publicly update or revise any forward-looking statement.
SOURCE Industrias Bachoco, S.A.B. de C.V.