Cal-Maine Foods to acquire egg production assets of Happy Hen Egg Farms in US

American organic egg supplier Cal-Maine Foods (CALM) has entered a definitive agreement to acquire assets of Texas-based firm Happy Hen Egg Farms.

Financial details of the deal have not been revealed by either company. 

CALM anticipates that the transaction would be completed within the next few weeks.

Under the deal, CALM will be acquiring commercial egg production and processing facilities and related distribution facilities located near Harwood and Wharton, Texas.

Cal-Maine Foods chairman president and chief executive officer Dolph Baker said: “Located near our other Texas locations, Happy Hen Egg Farms’ current site is designed for capacity of up to 1.2 million laying hens, and we intend to capitalise on specific market opportunities created by this additional production capacity.

“This proposed transaction is commensurate with our strategy to expand our business through selective acquisitions. We look forward to the opportunity to extend our market reach and deliver greater value to both our customers and shareholders.”

Headquartered in Jackson, Mississippi, US, Cal-Maine Foods produces and distributes its fresh shell eggs across the southwestern, southeastern, mid-western and mid-Atlantic regions of the US.