Cal-Maine Foods Acquires Creighton Brothers Assets for Approximately $128.5M
Cal-Maine Foods announced the acquisition of the shell egg, egg products, and prepared foods assets of Creighton Brothers, including Crystal Lake, for a total purchase price of approximately $128.5M, subject to customary post-closing adjustments. Cal-Maine Foods is funding the acquisition with available cash on hand. Established in 1925, Creighton Brothers produces, grades, and packages high-quality conventional and specialty shell eggs for retail and foodservice markets. Crystal Lake produces ready-to-use egg products for the foodservice and food manufacturing industries, including liquid, frozen, and hard-cooked eggs, and distributes pre-cooked egg patties, omelets, and scrambled eggs. Both companies are headquartered in Warsaw, Indiana, where Cal-Maine Foods previously had no shell egg operations. Creighton Brothers and Crystal Lake will be fully integrated into Cal-Maine Foods' existing operations, including its 177 employees.
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- Earnings Release Schedule: Cal-Maine Foods is set to report its fiscal 2026 third-quarter earnings on April 1, 2026, at 6:00 a.m. ET, with results available on the company's website, ensuring timely access to financial data for investors.
- Conference Call Details: Management will host a conference call and webcast at 9:00 a.m. ET the same day, allowing participants to access the live stream via the Investor Relations page, thereby enhancing transparency and fostering investor engagement.
- Registration Process: Participants must register in advance to receive dial-in information and a unique PIN, ensuring a smooth call experience, along with an email confirmation to enhance participation convenience.
- Replay Availability: A replay of the webcast will be accessible on the Investor Relations page following the call, allowing investors who could not attend live to review the meeting content, further improving information accessibility.
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- Acquisition Overview: Cal-Maine Foods has acquired the assets of Creighton Brothers and its subsidiary Crystal Lake for approximately $128.5 million, funded through available cash, marking a significant expansion in the egg market.
- Asset Scale and Capacity: The acquisition includes commercial shell egg production and grading capabilities for about 3.2 million laying hens, comprising 500,000 cage-free and 865,000 pullets, significantly enhancing Cal-Maine's production capacity in the egg products market.
- Strategic Implications: By integrating Creighton Brothers and Crystal Lake, Cal-Maine Foods will expand its market reach in both conventional and specialty egg products, improving its ability to align production with demand and better meet consumer expectations for choice, reliability, and affordability.
- Employee Integration and Market Response: Following the acquisition, the 177 employees from Creighton Brothers and Crystal Lake will be fully integrated into Cal-Maine's existing operations, and shares of Cal-Maine Foods rose 0.2% in premarket trading, up about 10% year-to-date.









