Cal-Maine Foods Buys Creighton Brothers and Crystal Lake Assets for $128.5M
Cal-Maine Foods, Inc. (NASDAQ:CALM) is included among the 13 Best Defensive Dividend Stocks for 2025.
On March 2, Cal-Maine Foods, Inc. (NASDAQ:CALM) announced it had acquired the shell egg, egg products, and prepared food assets of Creighton Brothers LLC, including Crystal Lake LLC. The total purchase price was about $128.5 million, subject to customary post-closing adjustments. The company said it funded the transaction with cash on hand.
Creighton Brothers, established in 1925, produces, grades, and packages conventional and specialty shell eggs for retail and foodservice markets. Crystal Lake focuses on ready-to-use egg products for the foodservice and food manufacturing industries. Its offerings include liquid, frozen, and hard-cooked eggs. The company also distributes pre-cooked egg patties, omelets, and scrambled eggs.
Both businesses are based in Warsaw, Indiana. Cal-Maine Foods did not previously operate shell egg facilities in that location. The acquired assets include commercial shell egg production and grading facilities with capacity for about 3.2 million laying hens, including 500,000 cage-free hens, along with 865,000 pullets. The transaction also includes a feed mill, 1,007 acres of land, and an egg products and hard-cooked egg processing facility.
Creighton Brothers and Crystal Lake will be integrated into Cal-Maine Foods’ existing operations. The transition also includes their 177 employees.
Cal-Maine Foods, Inc. (NASDAQ:CALM) focuses on the production, packaging, marketing, and distribution of fresh shell eggs. Its portfolio includes conventional, cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced eggs, along with a range of ready-to-eat egg products.
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