Cal-Maine Foods acquires egg production assets of Mahard Egg Farm
Category: #business  By Pankaj Singh  Date: 2019-11-21
  • share
  • Twitter
  • Facebook
  • LinkedIn

Cal-Maine Foods acquires egg production assets of Mahard Egg Farm
  • The acquisition would strengthen Cal-Maine’s presence across Texas and southern Oklahoma. 
  • It will include purchase of commercial shell egg production and processing facilities of Mahard.

Cal-Maine Foods Inc., a Jackson-based fresh egg producer, has reportedly announced that it has closed the acquisition of poultry company Mahard Egg Farm Inc.’s assets that are associated with egg production, processing, sale and distribution business.

According to reports, the acquisition entails commercial shell egg production & processing facilities with a capacity for around 3.9 million laying hens and a permitted capacity of around 8 million laying hens. Moreover, the company has purchased a feed mill, pullets and related production facilities located in Nebo, Oklahoma and Chillicothe, Texas.

Cal-Maine Foods is primarily engaged in grading, production, packaging, and sales of shell eggs. The company’s offering includes cage-free, organic, conventional and nutritionally enhanced eggs. It is the largest producer of fresh shell eggs in the U.S, and distributes most of its shell eggs across southeastern, southwestern, mid-Atlantic, mid-western regions.

Meanwhile, Mahard Egg Farm supplies its eggs to numerous food service supply companies, food chain stores, and distribution warehouses across Texas and Oklahoma.

Dolph Baker, CEO and Chairman, Cal-Maine Foods, said that the company is pleased to announce this acquisition of Mahard Egg Farm’s assets. Their company has a strong market presence in Texas and, with the addition of these facilities situated near the north of Dallas, it would reach more customers in Texas, and Southern Oklahoma. 

Baker added that this move is in line with its strategy to expand shell egg business through selective acquisitions, as well as through extension of its existing facilities. Moreover, the company is looking forward to enhancing its market reach to offer greater value to shareholders as well as customers. 

Reliable reports cite that this acquisition comes few months after Cal-Maine Foods indicated plans to ink a definitive agreement to purchase assets of Mahard Egg Farm.
 

Source Credit - https://finance.yahoo.com/news/cal-maine-foods-inc-completes-221200072.html

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With an experience as an insurance underwriter and a freelance writer under his belt, Pankaj Singh boasts of quite some expertise in the field of content creation. A qualified Post Graduate in Management, Pankaj has also completed a detailed course in Digital Marketin...

Read More

More News By Pankaj Singh

French-Belgian biotech PDC*LINE bags USD 22.2M in a Series B funding
French-Belgian biotech PDC*LINE bags USD 22.2M in a Series B funding
By Pankaj Singh

A clinical stage biotechnology company, PDC*line Pharma, focused upon developing a new class of effective and scalable active immunotherapies for treating cancers, recently announced completion of a Series B round of funding. The company ha...

VMware plans to acquire Nyansa to expand its SW-WAN portfolio
VMware plans to acquire Nyansa to expand its SW-WAN portfolio
By Pankaj Singh

  The deal for the acquisition will close in the first quarter of the FY2021 The terms of the deal have not been disclosed by the company yet VMware, a leading provider of virtualization and cloud computing software and services, recently ...

Rogers Communications launches 5G network services across Canada
Rogers Communications launches 5G network services across Canada
By Pankaj Singh

  The network will first be implemented in Toronto, Vancouver, Montreal and Ottawa Rogers has collaborated with Ericsson to provide the required technology to develop the network Rogers Communications – a Toronto based telecommunicat...