Cal-Maine Foods Agrees To Acquire Egg Production Assets Of Fassio Egg Farms; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Cal-Maine Foods has agreed to acquire the egg production assets of Fassio Egg Farms. The assets include commercial shell egg production and processing facilities with a capacity of approximately 1.2 million laying hens, primarily cage-free, feed mill, pullets, fertilizer production and composting operation and land located in Erda, Utah.
September 28, 2023 | 9:40 pm
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Cal-Maine Foods' acquisition of Fassio Egg Farms' assets could potentially increase its production capacity and expand its operations in Utah.
The acquisition of Fassio Egg Farms' assets by Cal-Maine Foods could potentially increase its production capacity by approximately 1.2 million laying hens. This could lead to increased revenues and profitability in the future, which could positively impact the company's stock price in the short term.
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