Cal-Maine and CCF to acquire George's
April 23, 2007
by FoodBusinessNews.net Staff
JACKSON, MISS. — Cal-Maine Foods, Inc. and Country Creek Farms reached agreement with poultry producer George’s Inc. to acquire the assets of the latter’s shell egg division.
The division is located near Siloam Springs, Ark., and Benton County Foods — a newly formed company owned by both Cal-Maine and Country Creek farms — will own and operate the facility. Cal-Maine will be the majority owner.
"Cal-Maine Foods, in association with CCF, L.L.C., is very pleased to announce this acquisition," said Fred Adams Jr., president and chief executive officer of Cal-Maine. "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."
One million laying hens, growing facilities for replacement pullets and a feed mill in Watts, Okla., are among the assets to be acquired.
There is a supply agreement giving Country Creek Farms about 50% of the eggs the new company produces. George’s will keep all of its broiler production and operations and will continue to market broilers.
The eggs will be made available to retail food markets and food service distributors in the south central U.S.