CELAYA, Mexico, April 13 /PRNewswire-FirstCall/ -- Industrias Bachoco S.A. de C.V. ("Bachoco" or "the Company") , Mexico's leading producer and processor of poultry products, today announced that by operation of law and an amendment to an Article of one of the Company's by- laws, and as approved at the extraordinary shareholders' meeting held on November 23, 2006, the Company's corporate name has been modified to Industrias Bachoco S.A.B. de C.V.
The modification of the Company's name became effective in Mexico on April 2, 2007, and will be updated on the NYSE listing and on the EDGAR system on April 13, 2007.
There will be no change in the Company's listing symbols or the Company's CUSIPs or other identification numbers for the Company's outstanding securities.
Company Description
Industrias Bachoco S.A.B. de C.V. is Mexico's leading producer and processor of poultry products with over 600 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$1.4 billion for 2006 divided among the Company's four main product lines as follows: 77.6% chicken and chicken-related products, 9.2% table eggs, 9.0% balanced feed, and 4.2% swine and other lines.
Industrias Bachoco's shares are listed on the Mexican Stock Exchange and its American Depositary Shares (ADS) are listed on the New York Stock Exchange. One ADS represents twelve Series B Shares. For more information, please visit Bachoco's website at http://www.bachoco.com.mx/.
This press release may contain statements, which constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the intent, belief or current expectations of the Company, its directors, or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. Important factors that could cause such differences are described in the Company's periodic filings with the Securities and Exchange Commission.
IR contacts:
Daniel Salazar F., CFO
Claudia Cabrera, IRO
IR Department
011 52 (461) 61-835-55
