Egg Industry News and Commentary

  —  Mar 3

 
CORRECTION: Cal-Maine Foods, Inc. Announces Definitive Agreement to Acquire Egg Production Assets of Happy Hens Egg Farms, Inc.

     
                

Corrections to previous postings to this website
and its newsletter

  • This news item below is an exact copy of the news release issued Feb. 9, 2017 by Cal-Maine Foods Inc., regarding their plans to acquire Happy Hens Egg Farms, Inc.
  • Previous postings to Egg-Cite.com, and email messages of the newsletter, contained errors identifying the acquistion as Happy Egg Company.
  • The Happy Egg Company and Noble Foods have no affiliation with the acquition.
  • Both the editor and the webmaster regret our errors and apologize to all parties for our confusion of the similar company names.
  • Read the news release from the Cal-Maine Foods website
    at http://calmainefoods.com/news/
      
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Cal-Maine Foods, Inc. Announces Definitive Agreement to Acquire Egg Production Assets of Happy Hens Egg Farms, Inc.

    

JACKSON, Miss.--(BUSINESS WIRE)--Feb. 9, 2017-- Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that it has reached a definitive agreement to acquire substantially all of the assets of Happy Hens Egg Farms, Inc., relating to their commercial production, processing, distribution and sale of shell eggs 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 350,000 laying hens and related distribution facilities located near Harwood and Wharton, Texas. The Company expects to close the transaction in the next few weeks.

  

Commenting on the announcement, Dolph Baker, chairman, president and chief executive officer of Cal-Maine Foods, Inc., said, “We are pleased to announce the acquisition of Happy Hens Egg Farms. Located near our other Texas locations, Happy Hen Egg Farms’ current site is designed for capacity of up to 1.2 million laying hens, and we intend to capitalize on specific market opportunities created by this additional production capacity. This proposed transaction is commensurate with our strategy to expand our business through selective acquisitions. We look forward to the opportunity to extend our market reach and deliver greater value to both our customers and shareholders.”

Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs, including conventional, cage-free, organic and nutritionally-enhanced eggs. The Company, which is headquartered in Jackson, Mississippi, is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its shell eggs in states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States.