Cal-Maine Foods to acquire Foodonics International

Cal-Maine Foods has signed a letter of intent to purchase assets of Foodonics International and its associated entities operating as Dixie Egg Company.

Financial terms of the deal have not been disclosed.

The assets to be purchased comprise commercial egg production and processing facilities with a capacity for approximately 1.6 million laying hens and associated feed production, milling and distribution facilities in Georgia, Alabama and Florida.

Dixie Egg Company also has contractual arrangements for another 1.5 million laying hens.

Cal-Maine Foods will purchase the Egg-Land’s Best, a franchise with licensing rights for portions of some markets in Alabama, Florida and Georgia, as well as Puerto Rico, the Bahamas and Cuba.

The company expects to close the deal in early October.

Cal-Maine Foods is into the production, grading, packing and sale of fresh shell eggs, including conventional, cage-free, organic and nutritionally enhanced eggs.

It is based in Jackson, Mississippi, and sells shell eggs in states across the south-western, south-eastern, mid-western and mid-Atlantic regions of the US.