Cal-Maine Picks Up Pilgrim's Pride's Texas Egg Operations

Law360, New York (July 18, 2012, 3:03 PM EDT) -- Egg producer Cal-Maine Foods Inc. has agreed to buy Pilgrim's Pride Corp.'s commercial egg operations in Texas for an undisclosed price in an effort to further expand its egg business, the company announced Wednesday.

Jackson, Miss.-based Cal-Maine Foods will take on two production facilities with 1.4 million laying hens and a tract of adjacent land near Pittsburg, Texas, from Greeley, Colo.-based Pilgrim's Pride in connection with the deal. The company said it expected the transaction to close in August.

“Pilgrim's Pride has an excellent reputation and...
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