Cal-Maine Foods, Inc. Closes Zephyr Egg Company Acquisition
JACKSON, Miss.--(Business Wire)-- Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that it closed the previously reported acquisition of the majority of the assets of Zephyr Egg Company, located in Zephyrhills, Florida. The acquisition was closed in accordance with the terms of the Asset Purchase Agreement. The assets acquired from Zephyr Egg include approximately two million laying hens in modern, in-line facilities, pullet growing facilities, two egg processing plants, a feed mill and a fleet of delivery trucks for both eggs and feed. Cal-Maine also acquired from Zephyr the Eggland's Best(TM) franchise for southern Florida, certain flocks of contract laying hens, and Zephyr's interest in American Egg Products, Inc. Cal-Maine was the majority owner of American Egg Products prior to this transaction. Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packing and sale of fresh shell eggs. The Company, which is headquartered in Jackson, Mississippi, currently is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its shell eggs in approximately 29 states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the United States. Statements contained in this press release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties (contained in the Company's SEC filings) that could cause actual results to differ materially from those projected. SEC filings may be obtained from the SEC or by contacting the Company. Cal-Maine Foods, Inc. Fred Adams, Jr., Chairman and CEO, 601-948-6813 or Timothy A. Dawson, Vice President and CFO, 601-948-6813 Copyright Business Wire 2008
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.