Cal-Maine Foods, Inc. Announces Definitive Agreement to Acquire Egg Production Assets of Featherland Egg Farms, Inc.
Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that it has reached a definitive agreement to acquire substantially all of the assets of Featherland Egg Farms, Inc., relating to its commercial shell egg production, processing, distribution and sale business. The assets to be acquired, subject to the completion of this transaction, include commercial egg production and processing facilities with current capacity for approximately 600,000 laying hens, a feed mill, and related production and distribution facilities located near Marion, Texas. The Company expects to close the transaction in the next few weeks.
Commenting on the announcement, Dolph Baker, chairman and chief executive officer of Cal-Maine Foods, Inc., said, “We are pleased to announce the acquisition of the Featherland Egg Farms assets. This transaction is consistent with our strategy to...Full Story »Oct 10 9:29 AM, General News