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Stock impact report

Cal-Maine Foods Closes Acquisition of Echo Lake Foods [Yahoo! Finance]

Cal-Maine Foods, Inc. (CALM) 
Last cal-maine foods, inc. earnings: 1/5 06:30 am Check Earnings Report
US:NASDAQ Investor Relations: calmainefoods.com/investors
Company Research Source: Yahoo! Finance
The Company announced in April that it signed a definitive agreement to acquire Echo Lake Foods in an all-cash transaction for approximately $258 million, which is expected to provide a tax benefit of ~$28 million equating to an effective purchase price of ~$230 million. Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelets, egg patties, toast and diced eggs. Echo Lake Foods had annual revenues of approximately $240 million in 2024 with a five-year CAGR of approximately 10%. Highlights of the Transaction: Compelling Strategic Rationale Allows Cal-Maine Foods to enter the large, growing and highly stable value-added food portion of the egg category Expands strategic customer relationships with retail, quick service restaurant and other food service customers Leverages Cal-Maine Foods' extensive sales and supply chain distribution capabilities Attractive F Show less Read more
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