Cal-Maine Foods Inc. has reached an agreement to acquire 50% of the membership interests of Delta Egg Farm LLC from Sunbest Foods of Iowa Inc., a Moark LLC affiliate. The company currently owns the remaining 50% of Delta Egg Farm LLC, so the entity will become a wholly owned subsidiary of Cal-Maine.
Delta Egg Farm owns and operates a feed mill and egg production complex with capacity for approximately 1.2 million laying hens, located near Delta, Utah, and an organic egg production complex with capacity for approximately 400,000 laying hens located near Chase, Kan.
The company expects to close the transaction effective March 1, 2014.
“While we have enjoyed a long-term working relationship with Moark and Sunbest Foods of Iowa, we are excited about the opportunity to take over the ownership and management of Delta Egg Farm LLC. We look forward to the opportunity to continue to expand our business and provide greater value for our shareholders,” said Dolph Baker, Chairman, President, and CEO of Cal-Maine Foods.