Suspicious of Avian Flu in Five Breeders Farms
CELAYA, Mexico, Feb. 14, 2013
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.
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.
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
SOURCE Industrias Bachoco, S.A.B. de C.V.
Contact: IR Contacts, Daniel Salazar, CFO, and Claudia Cabrera, IRO,
+011-52-461-618-3555, firstname.lastname@example.org, both of Industrias Bachoco
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