RIDGELAND, Miss. — Cal-Maine Meals Inc. has introduced a definitive settlement to accumulate a broiler processing plant, hatchery and feed mill in Dexter, Mo., that have been just lately closed by Tyson Meals Inc.
Cal-Maine plans to repurpose the belongings to be used in egg and egg merchandise manufacturing. Cal-Maine Meals expects to shut the transaction in its third fiscal quarter. Cal-Maine Meals will initially convert the broiler processing plant to an egg grading facility, and added it’s excited in regards to the development prospects from this new operation, and, topic to the completion of the transaction, anticipates making extra investments within the amenities and neighborhood and creating new jobs.
Potential future enlargement consists of egg merchandise processing capabilities, akin to hard-cooked eggs. In reference to the acquisition, Cal-Maine Meals expects to enter into agreements with sure of Tyson’s former contract farmers to transform their operations to help Cal-Maine Meals’ cage free, free vary, or pasture raised egg manufacturing operations, the corporate stated.
“We’re happy to announce the proposed acquisition of the belongings of Tyson’s former broiler processing facility in Dexter, Mo.,” Sherman Miller, Cal-Maine Meals president and CEO, stated. “This transaction is in line with our development technique to develop our enterprise by way of selective acquisitions along with our natural development initiatives. The Dexter location gives an vital alternative to develop our geographic footprint and improve our potential to serve our valued clients with added manufacturing and distribution capabilities in Missouri and surrounding markets.
“We look ahead to working with the Tyson crew to shut the transaction and to working with the contract growers who will help our shell egg manufacturing capabilities. As we prolong our market attain, we stay centered on the environment friendly and sustainable administration of our current and bought operations and assembly the calls for of our clients.”
