USA: Cal-Maine Foods to acquire Echo Lake Foods

Egg producer and distributor Cal-Maine Foods has signed an agreement to acquire breakfast food manufacturer Echo Lake Foods for approximately $258 million.

Echo Lake Foods produces, packages, markets and distributes ready-to-eat egg products and breakfast foods, including waffles, pancakes, scrambled eggs, frozen cooked omelettes, egg patties, toast and diced eggs.

The acquisition will allow Cal-Maine Foods to expand its business into the value-added egg processed category and strengthen strategic customer relationships with retail, restaurants and foodservice customers, the company said in a statement.

“This transaction represents an exciting growth opportunity and important inflection point for Cal-Maine Foods, advancing our strategy to expand and diversify our product portfolio and customer mix”, commented Sherman Miller, president and CEO of Cal-Maine Foods. “Echo Lake Foods is a leading innovator with a long history of providing quality ready-to-eat egg products and breakfast foods to a blue-chip customer base”.

The transaction is expected to close by the end of fiscal 2025 following completion of regulatory approvals and subject to customary closing conditions.

Source: Cal-Maine Foods