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Stock impact report

Cal-Maine shells out for another US egg business [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
Creighton Brothers, established in 1925, produces, grades and packs “conventional and speciality” shell eggs for retail and foodservice customers. In a statement issued yesterday (2 March), Mississippi-headquartered Cal-Maine said the deal also includes Crystal Lake. Crystal Lake makes ready-to-use egg products for the out-of-home channel and food manufacturers, including liquid, frozen and hard-cooked eggs. It also supplies pre-cooked egg patties, omelettes and scrambled eggs. Both businesses are based in Warsaw, Indiana. Cal-Maine said it previously had no shell egg operations in the area. The acquired assets include shell egg production and grading capacity of around 3.2 million laying hens, including 500,000 that are cage-free. The package also includes 865,000 pullets. The Nasdaq-listed company is also taking on a feed mill, 1,007 acres of land, and an egg products and hard-cooked egg processing facility. Commenting on the deal, Cal-Maine president and CEO Sherman Mi Show less Read more
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