Cal-Maine Foods agrees to acquire Tampa Farm Service

Mon. December 01, 2008; Posted: 07:11 AM

Dec 01, 2008 (Datamonitor via COMTEX) -- CALM | Quote | Chart | News | PowerRating -- Cal-Maine Foods has reached an agreement to acquire the egg production and marketing assets of US-based Tampa Farm Service.

The assets to be purchased by Cal-Maine include approximately four million laying hens in modern, in-line facilities, pullet growing facilities, two feed mills and a fleet of delivery trucks for both eggs and feed.

In addition, the company will acquire the 4-Grain brand of specialty eggs, certain flocks of contract laying hens, and Tampa Farm Service's interest in American Egg Products. Stephens acted as financial advisor to Tampa Farm Service on the transaction. The company expects to close the transaction in early December 2008.

Fred Adams, Jr, chairman and CEO of Cal-Maine Foods, said: "Cal-Maine Foods is very pleased to announce the acquisition of Tampa Farm Service. The additional production capacity will further enhance our ability to service our customers in this important market region. These are excellent facilities with a dedicated workforce which will be a good addition to the Cal-Maine team. We believe this transaction will add significant value for both our customers and shareholders."

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For full details on Cal-Maine Foods Inc (CALM) click here. Cal-Maine Foods Inc (CALM) has Short Term PowerRatings of 4. Details on Cal-Maine Foods Inc (CALM) Short Term PowerRatings is available at This Link.

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