Industrias Bachoco, S.A.B. de C.V.

Last price update: 21 Apr 23 22:59 GMT

Price:
$53.00
Open:
$53.99
Previous close:
$53.98
Day's range:
$51.45 - $53.58
Year's range:
$38.04 - $66.25
Net Income per Share:
6.82
Price-to-Earnings ratio:
7.77
52-week Price Range:
$57.32
Volume:
$6,788.00
Average volume:
$6,222.00

Company profile for Industrias Bachoco, S.A.B. de C.V.

Industrias Bachoco, S.A.B. de C.V. logo

Industrias Bachoco, S.A.B. de C.V. is an international poultry and food processing company based in Celaya, Mexico. With subsidiaries operating in over 11 countries, it is the largest poultry producer in Mexico and the fourth-largest in the United States. It has subsidiaries in the US, Mexico, and Central and South America.

Industrias Bachoco was founded in 1952 by Antonio Robinson Bours as a poultry farm, and since then it has grown to become a giant in the poultry and food producing industry, with over 60 years of experience in the industry. Its primary business is the breeding, processing, and marketing of chicken, eggs, swine, balanced animal feed, and other meat products, as well as other by-products. It also produces, distributes, and markets pork, fish, turkey, pet food, cattle, and beef products.

Industrias Bachoco operates in two segments, poultry and other, and has a wide network of processing plants and distribution centers across Mexico, the United States, Europe, and Central & South Americas. Its products are sold directly to supermarkets, wholesalers, foodservice operators, and retail stores. The company also produces and distributes medicines, vaccines, and insurance coverage for its affiliates.

Since 2002, the company has made several acquisitions, most notably the US poultry producer OK Foods, Inc., making it the fourth-largest poultry producer in the United States. It also recently acquired Moy Park, a leading chicken producer in Europe, and Primaves S.A., a major pork producer in Mexico. With these acquisitions, Industrias Bachoco has become one of the most important players in the global poultry industry.

Industrias Bachoco is a major employer in Mexico, with over 25,000 employees in Mexico and the United States. The company is committed to the development of its personnel and provides its employees with various benefits, such as medical care and educational programs. It is also committed to responsible social and environmental practices, such as responsible sourcing of its raw materials, animal well-being, and sustainability.

Stock exchanges:
NYSE
Sector:
Consumer Defensive
Industries:
Farm Products
Ticker:
IBA
CIK:
1044896
ISIN:
US4564631087
Website:
https://bachoco.com.mx
Phone:
52 461 618 3555
Origin:
Mexico
Employees:
34,250