JACKSON, Miss. — Cal-Maine Foods Inc. has announced that it has reached an agreement to acquire 50 percent of the membership interests of Delta Egg Farm LLC from Sunbest Foods of Iowa Inc., a Moark LLC affiliate.
Cal-Maine currently owns the remaining 50 percent of Delta Egg Farm, so the entity will become a wholly owned subsidiary of Cal-Maine.
The membership interests will be purchased by Cal-Maine Foods for a total of $17 million. The transaction was expected to close effective March 1, 2014.
Delta Egg Farm owns and operates a feed mill and egg production complex. . .