CELAYA, MEXICO — Poultry and pork producer Industrias Bachoco announced on March 28 that its board of directors has considered delisting from the New York Stock Exchange (NYSE) and stopping its American depositary receipts program.

Bachoco noted that Edificio del Noroeste, SA de CV, a vehicle controlled by the family of Robinson Bours, completed a tender offer in November 2022 for the remaining shares it did not own. The group now holds more than 97% of the outstanding shares issued by Bachoco.

The company also noted that it plans to deregister and terminate obligations to prepare and file reports to the US Securities and Exchange Commission.

Bachoco said that its action on the NYSE would not affect the continued listing of company shares on the Bolsa Mexicana de Valores or the registration of such claims with the Mexican Securities Commission.

The company was founded in 1952 and became a public company in 1997.

Bachoco owns and manages more than a thousand facilities, organized in nine production complexes and 80 distribution centers in Mexico, and a production complex in the United States. OK Industries Inc., based in Fort Smith, Ark., was acquired by Bachoco in 2011.

The line of products from Bachoco includes chicken, eggs, feed, swine, turkey and beef value-added products. Currently, the company employs more than 32,000 people.