Cal-Maine acquires assets of Foodonics International

Cal-Maine Inc. completed its addition of Foodonics International Inc. and its entities doing business as Dixie Egg Co.

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Austin Alonzo
Austin Alonzo

Cal-Maine Foods Inc. completed its addition of Foodonics International Inc. and its entities doing business as Dixie Egg Co.

A November 2 press release from Cal-Maine said the assets acquired include commercial egg production and processing facilities with capacity for about 1.6 million layers and related feed production, milling and distribution facilities in Georgia, Alabama and Florida. Cal-Maine also acquired Dixie Egg’s contract grower arrangements for an additional 1.5 million laying hens.

Cal-Maine, based in Jackson, Mississippi, now owns the Egg-Land’s Best Inc. franchise with licensing rights for markets in Alabama, Florida and Georgia as well as Puerto Rico, the Bahamas and Cuba. The deal was announced in August.

Cal-Maine is the world’s largest producer and distributor of eggs. According to WATT Global Media’s data, the company, estimated to have 36.38 million laying hens, would grow its flock to nearly 40 million birds with the inclusion of UEMC (Dixie Egg Co./Foodonics).

In June, Cal-Maine CEO Dolph Baker said the company, which achieved its position of leadership through acquisitions, continues to prioritize acquisitions despite the egg industry’s current challenges. The company opened its fiscal 2017 with a $30.9 million net loss due to significantly lower egg prices compared with the same period of the prior year.

As nationwide demand for cage-free and specialty eggs grows, Baker said the company has invested $160 million in projects aiming to increase the company’s cage-free, organic and non-specialty production capacity.

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