Cal-Maine Foods expands prepared foods business
Cal-Maine Foods, Inc. (NASDAQ:CALM) has acquired certain assets of the Van’s Foods business.
The acquisition supports Cal-Maine Foods’ strategy to diversify its business and expand its prepared foods business-to-consumer retail operations.
The addition of Van’s is expected to increase Cal-Maine Foods’ annual prepared foods sales by about 10% and boost volume by approximately 6% on a pro forma basis.