Bogata

Cal-Maine Foods, Inc. Acquires Remaining Interest in Red River Valley Egg Farm, LLC

Retrieved on: 
Wednesday, May 12, 2021

b'Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company has reached a definitive agreement to purchase the remaining 50 percent membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc.

Key Points: 
  • b'Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company has reached a definitive agreement to purchase the remaining 50 percent membership interest in Red River Valley Egg Farm, LLC from Rose Acre Farms, Inc.
  • The purchase price is $48.5 million for the balance of the joint venture\xe2\x80\x99s membership interests.
  • Red River Valley Egg Farm, LLC owns and operates a specialty shell egg production complex with approximately 1.7 million laying hens, pullet capacity, feed mill, processing plant, related offices and outbuildings and related equipment located on approximately 400 acres near Bogata, Texas.
  • Red River Valley Egg Farm\xe2\x80\x99s experienced management team will remain in place and be integrated into Cal-Maine\xe2\x80\x99s already deep roots in Texas.