Cal-Maine Foods to Acquire Egg Production Assets of Fassio Egg Farms.
MANews-(C)2009-2023
US-based fresh shell eggs producer and distributor Cal-Maine Foods, Inc. (NASDAQ: CALM) has agreed to acquire substantially all the assets of Utah-based Fassio Egg Farms, Inc., related to its commercial shell egg production and processing business.
Terms of the transaction were not disclosed.
The assets to be acquired, subject to the completion of this transaction, include commercial shell egg production and processing facilities with current capacity of approximately 1.2 m laying hens, primarily cage-free, feed mill, pullets, fertiliser production and composting operation and land located in Erda, Utah, outside Salt Lake City.
The acquisition will expand Cal-Maine's market presence in Utah and...
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