Cal-Maine Foods, Inc. signed a definitive agreement to purchase the remaining 50% membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc for $48.5 million.
May 11, 2021
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Cal-Maine Foods, Inc. (NasdaqGS:CALM) signed a definitive agreement to purchase the remaining 50% membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc for $48.5 million on May 12, 2021. Red River Valley Egg Farm will become a wholly owned subsidiary of Cal-Maine Foods. Red River Valley's management team will remain in place and be integrated into Cal-Maine's operation. The transaction is subject to customary closing conditions and is expected to close by the end of the month.
Cal-Maine Foods, Inc. is engaged in the production, grading, packaging, marketing and distribution of fresh shell eggs. Its integrated operations consist of hatching chicks, growing and maintaining flocks of pullets, layers and breeders, manufacturing feed, and producing, processing, packaging, and distributing shell eggs. It offers shell eggs, including specialty and conventional eggs. It classifies cage-free, organic and brown eggs as specialty eggs. Its Egg-Landâs Best and Land Oâ Lakes branded eggs are produced and processed under license from Eggland's Best, Inc. Its Farmhouse Eggs branded eggs are produced at its facilities by cage-free hens that are provided with a vegetarian diet. It markets organic, vegetarian, and omega-3 eggs under its 4-Grain brand. The Company sells most of its shell eggs in the southwestern, mid-western and mid-Atlantic regions of the United States. Its subsidiaries include American Egg Products, LLC located in Georgia and Texas Egg Products, LLC.
Cal-Maine Foods, Inc. signed a definitive agreement to purchase the remaining 50% membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc for $48.5 million.
CAL-MAINE FOODS, INC. 
