Cal-Maine Foods acquiring egg assets of Pilgrim's

Egg producer and packer Cal-Maine Foods Inc. has reached an agreement to acquire the commercial egg operations of Pilgrim’s Corporation.

The assets to be purchased by Cal-Maine Foods include two production complexes with capacity for approximately 1.4 million laying hens and adjacent land located near Pittsburg, Texas. “These production facilities will complement our existing operations in Texas and the additional capacity will enhance our ability to serve our customers in the Texas markets," said Dolph Baker, president and CEO of Cal-Maine Foods. "We welcome this opportunity for the continued growth of our business and the ability to provide greater value for our customers and shareholders.”

The company expects to close the transaction in August.