0001144204-12-062141.txt : 20121114 0001144204-12-062141.hdr.sgml : 20121114 20121114122009 ACCESSION NUMBER: 0001144204-12-062141 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20121114 FILED AS OF DATE: 20121114 DATE AS OF CHANGE: 20121114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Industrias Bachoco S.A.B. de C.V. CENTRAL INDEX KEY: 0001044896 STANDARD INDUSTRIAL CLASSIFICATION: POULTRY SLAUGHTERING AND PROCESSING [2015] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33030 FILM NUMBER: 121202435 BUSINESS ADDRESS: STREET 1: 48 WALL ST STREET 2: C/O BANK OF NEW YORK CITY: NEW YORK STATE: NY ZIP: 10286 BUSINESS PHONE: 2128151727 MAIL ADDRESS: STREET 1: AV. TECNOLOGICO 401 COL. INDUSTRIAL STREET 2: CELAYA GUANAJUATO CITY: MEXICO STATE: O5 ZIP: 9999999999 FORMER COMPANY: FORMER CONFORMED NAME: INDUSTRIAS BACHOCO SA DE CV DATE OF NAME CHANGE: 19970825 6-K 1 v328459_6k.htm CURRENT REPORT

 

Securities and Exchange Commission

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Issuer

Pursuant to Rule 13a-16 Or 15d-16

Of The

Securities Exchange Act of 1934

 

For the month of November, 2012

 

BACHOCO INDUSTRIES

(Translation of Registrant’s name into English)

 

Avenida Tecnológico No. #401

38010 Celaya, Guanajuato

(Address of principal office)

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

(Check One) Form 20-F x       Form 40-F ¨

 

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g-3-2(b) under the Securities Exchange Act of 1934.)

 

(Check One) Yes ¨ No x

 

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82__.)

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

  Industrias Bachoco, S.A. de C.V.
  (Registrant)
   
   
Date: November 14, 2012 By /s/ Daniel Salazar Ferrer, CFO


 

2

 

 

 

 

 EX-99.1 2 v328459_ex99-1.htm PRESS RELEASE

Bachoco Announces Notification of the Mexico's Federal Commission of Economic Competition

CELAYA, Mexico, Nov. 14, 2012 /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:

In December 2009, Mexico's Federal Commission of Economic Competition ("CFC") announced an investigation of the Mexican poultry industry regarding possible monopolistic business practices. Bachoco was included in this investigation, and has been required to provide information to the commission since then.

Recently, and as a result of this investigation, the Company received a notification where the CFC determined that Bachoco contributed with other local producers and distributors to fix prices (a prohibited practice in the Mexican poultry industry), in the Peninsula de Yucatan region, and imposed a fine for approximately $110,000 USD. Bachoco does not agree with this determination, and will defend itself according to the provisions of Mexican law.

Today the company issued a press release in Mexico regarding this topic.

Bachoco is committed to free market principles and regulatory compliance.

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.



CONTACT: IR Contacts, Daniel Salazar, CFO, and Claudia Cabrera, IRO, +011-52-461-618-3555, inversionistas@bachoco.net, both of Industrias Bachoco