Cal-Maine Foods, Inc. Announces Strategic Investment in New Egg Products Manufacturing Company
Cal-Maine Foods, Inc. today announced the Company’s Board of Directors has approved a strategic investment that will specialize in high value commercial product solutions targeting specific needs in the foodindustry. The initial focus will include hard-cooked and extended shelf-life egg product lines. The new entity, located in Neosho, Missouri, will operate as MeadowCreek Foods, LLC (“MeadowCreek”).
Cal-Maine Foods will capitalize MeadowCreek with up to $18.5 million in debt and equity to purchase property and equipment and to fund...
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