Cal-Maine Foods acquires egg production assets of ISE America for $110M

Cal-Maine Foods announced the company has completed the acquisition of substantially all the assets of ISE America and certain affiliates for approximately $110M. Cal-Maine Foods is funding the acquisition with available cash on hand. The acquired ISE assets include commercial shell egg production and processing facilities with current capacity of approximately 4.7M laying hens, including 1M cage-free, and 1.2M pullets, feed mills, approximately 4,000 acres of land, inventories and an egg products breaking facility. The acquired assets also include an extensive customer distribution network across the Northeast and Mid-Atlantic states, and production operations in Maryland, New Jersey, Delaware and South Carolina.