RIDGELAND, Miss. - Cal-Maine Foods , Inc. (NASDAQ: NASDAQ:CALM), known as the largest producer and distributor of fresh shell eggs in the United States, has completed the acquisition of a broiler processing plant, hatchery, and feed mill in Dexter, Missouri, assets previously owned by Tyson Foods , Inc. (NYSE: NYSE:TSN). The facilities, which were shut down by Tyson in 2023, are set to be remodeled and repurposed for shell egg and egg product production.
Sherman Miller, president and chief executive officer of Cal-Maine Foods, expressed enthusiasm about joining the Dexter community and the potential growth opportunities the acquisition brings. "We intend to partner with the existing strong network of local contract growers who can support our shell egg production capabilities," Miller said. He highlighted the strategic benefits of the Dexter location, including enhanced supply and distribution capabilities and closer proximity to primary feed ingredients. The company also anticipates the potential for increasing its free-range egg capacity.
Cal-Maine Foods' operations span the production, grading, packaging, marketing, and distribution of a variety of fresh shell eggs, including conventional, cage-free, and organic options. The company predominantly serves markets across the southwestern, southeastern, mid-western, and mid-Atlantic regions of the United States.
The completion of this acquisition marks a strategic move for Cal-Maine Foods as it continues to navigate the risks and challenges inherent in the shell egg business, such as disease outbreaks and fluctuating market prices.
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