New Arkansas Egg Production Aquired By Cal-Maine And CCF
Published:April 26, 2007
Source :Cal-Maine
Cal-Maine Foods, Inc. today announced that the Company and Country Creek Farms, LLC, a major egg marketing company, have reached an agreement with George’s, Inc., a major poultry producer, to acquire the assets of its shell egg division located near Siloam Springs, Arkansas.
Benton County Foods, LLC, a newly formed company jointly owned by Cal-Maine and Country Creek Farms, LLC, will be the owner and operator of the facility with Cal-Maine as the majority owner. The assets to be acquired include approximately one million laying hens, growing facilities for replacement pullets and a feed mill in Watts, Oklahoma. Country Creek Farms, LLC has a supply agreement in place for approximately 50 percent of the eggs produced by the new company. Eggs will be sold to retail food markets and food service distributors in the south central region of the United States. George’s will retain all of its broiler production and operations and continue to market broilers throughout the United States and internationally.
Commenting on the announcement, Fred Adams, Jr., chairman and chief executive officer of Cal-Maine Foods, Inc., said, “Cal-Maine Foods, in association with CCF, LLC, is very pleased to announce this acquisition. The George’s egg operations have an excellent reputation, good employees and operations, and a well-established customer base. This acquisition will complement our existing operations and allow us to be more efficient while providing better service to our customers in the south central part of the country.”
Ron Whaley, president and chief executive officer of Country Creek Farms, LLC, added, “As Fred Adams noted, the George’s egg operations have a fine history of excellence and we are excited to be a part of this acquisition. We look forward to working together with Cal-Maine.”
