Saturday, September 14, 2024

Cal-Maine announces joint venture for specialty eggs

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JACKSON, Miss. — Cal-Maine Foods Inc. has announced a new joint venture for specialty egg sales with Hickman’s Egg Ranch Inc. in Arizona.

Pursuant to this transaction, the new joint venture, known as Southwest Specialty Eggs LLC, will acquire the Egg-Land’s Best Inc. franchise for the state of Arizona with exclusive licensing agreements for the sale of Egg-Land’s Best® and Land O’ Lakes® branded specialty eggs and other premium brands. Sales of Egg-Land’s Best specialty eggs accounted for approximately 14.3 percent of Cal-Maine’s total shell egg sales in fiscal 2013. . .

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