Cal-Maine invests in specialty egg products venture

摘要

The board of directors at Cal-Maine Foods, Inc. approved a strategic investment in MeadowCreek Foods, LLC, a new egg products manufacturing company. Located in Neosho, Mo., the business will focus on hard-cooked and extended-shelf-life egg products. Cal-Maine will capitalize MeadowCreek with up to $18.5 million in debt and equity to purchase property and equipment and to fund working capital. It will retain a controlling interest in the venture and will supply the company with specialty and conventional eggs.