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Cal-Maine Foods, Inc. Completes Acquisition Of Egg Production Assets Of Fassio Egg Farms, Inc.

Oct 05, 2023about 2 years ago

Acquiring Company

Cal-Maine Foods

Acquired Company

Fassio Egg Farms

Agriculture and FarmingFood And BeverageRetail

Description

Cal-Maine Foods, Inc. (NASDAQ: CALM) (“Cal-Maine Foods” or the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today announced it has closed the previously announced acquisition of substantially all the assets of Fassio Egg Farms, Inc., related to its commercial shell egg production and processing business. The acquired assets include commercial shell egg production and processing facilities with current capacity of approximately 1.2 million laying hens, primarily cage-free, feed mill, pullets, fertilizer production and land located in Erda, Utah, outside Salt Lake City.

Company Information

Company

Cal-Maine Foods

About

Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packaging, marketing and distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised and nutritionally enhanced eggs. The Company, which is headquartered in Ridgeland, 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.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed