Bachoco
Industrias Bachoco, S.A. de C.V. or Bachoco (NYSE: IBA) is a poultry producer in Mexico. Its primary operations include preparing feed, breeding and growing chickens, and proceesing and distributing chicken products. It also grows swine. Its 2005 revenue was US$1.345 billion.
Bachoco expanded into the US by acquiring Arkansas poultry company OK Foods.[1]
From an internal press release, as of February 2007:
Industrias Bachoco S.A.B. de C.V. is Mexico’s leading producer and processor of poultry products with over 700 production and distribution facilities throughout the country. The company is also Mexico’s second-largest producer of table eggs. It sells swine to meat packers for the production of pork products, and is an important player in the balanced feed industry in Mexico. The company posted net sales of US$1.36 billion for 2005 divided among the Company’s four main product lines as follows: 80.1% chicken and chicken-related products, 8.7% table eggs, 7.2% balanced feed, and 4.0% swine and other lines.
Industrias Bachoco’s shares are listed on the Mexican Stock Exchange and its American Depositary Shares (ADSs) are listed on the New York Stock Exchange. One ADS represents 12 B shares.