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July 25, 2014
16:01 EDTCALMCal-Maine Foods announces new JV for specialty egg sales in Arizona
Cal-Maine Foods announced the company has entered into a new joint venture for specialty egg sales with Hickmanís Egg Ranch. Based in Buckeye, Arizona, a suburb of Phoenix in western Maricopa County, Hickmanís Egg Ranch has been family-owned and operated since 1944. With processing operations located in Arizona, Colorado and California, and capacity for approximately 6M laying hens, Hickmanís Egg Ranch ranks among the top twenty family egg farms in the United States. Pursuant to this transaction, the new joint venture, known as Southwest Specialty Eggs, will acquire the Egg-Landís Best, franchise for the state of Arizona with exclusive licensing agreements for the sale of Egg-Landís Best and Land Oí Lakes branded specialty eggs and other premium brands. Sales of Egg-Landís Best specialty eggs accounted for approximately 14.3% of Cal-Maineís total shell egg sales in fiscal 2013.
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September 12, 2014
16:46 EDTCALMCal-Maine Foods announces joint venture acquisition of Egg-Land Best
Cal-Maine Foods announced that Southwest Specialty Eggs, LLC, the companyís joint venture with Hickmanís Egg Ranch, Inc., has acquired the Egg-Landís Best, Inc. franchise for the southern California markets, including Clark County and Las Vegas, Nevada. As a result of this transaction, Southwest Specialty Eggs, LLC, will have licensing agreements for the sale of Egg-Landís Best and Land Oí Lakes branded specialty eggs, as well as 4Grain, Farmhouse Eggs and other premium brands in this market region. Sales of Egg-Landís Best specialty eggs accounted for approximately 14.4% of Cal-Maineís total shell egg sales in FY14.
09:31 EDTCALMCal-Maine Foods upgraded to Buy from Neutral at Sidoti
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