Market Commentary and Intraday News
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.
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