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Cal-Maine to buy Pilgrim's Pride egg operations
303 days ago
(AP:JACKSON, Miss.) Egg producer Cal-Maine Foods Inc. says it will buy two Texas plants from Pilgrim's Pride Corp.
Terms were not disclosed. The sale is expected to close in August.
Mississippi-based Cal-Maine says it's the largest producer and distributor of shell eggs in the United States, doing business in 29 states.
Cal-Maine said the two egg plans near Pilgrim's Pride headquarters in Pittsburg, Texas, will add to Cal-Maine's Texas business. The plants can hold 1.4 million hens.
Egg production for grocers and foodservice users has been a sideline for Pilgrim's Pride, the second-largest U.S. chicken producer behind Tyson Foods. Brazil's JBS SA owns 75 percent of Pilgrim's Pride.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
