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.
