Egg company buying multiple facilities in Texas

by MBJ Staff

Published: October 31,2012

Tags: acquisition, buy, Chicken, complex, egg, facility, food, merger, poultry, publicly traded company, purchase, sale, sell

JACKSON — Cal-Maine Foods Inc. has reached an agreement to acquire the commercial egg operations of Maxim Production Co. Inc.

Terms were not disclosed.

The assets to be purchased by Cal-Maine include a feed mill and two production complexes with capacity for approximately 3.5 million laying hens with related pullet capacity, all located near Boling, Texas. In addition, the acquisition will include contract capacity for approximately 500,000 laying hens near Gonzalez, Texas. Cal-Maine expects to close the transaction in November.

Dolph Baker, chairman, president and CEO of Cal-Maine, said, “Along with our recent acquisition of the Pilgrim’s Pride commercial egg operations, we have expanded our presence in Texas and enhanced our ability to serve our customers in this important market region. This transaction further advances our strategy to grow our business through selective acquisitions.”

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