Cal-Maine Foods, Inc. Announces Strategic Investment in New Egg Products Joint Venture
Cal-Maine Foods, Inc. (CALM)
Last cal-maine foods, inc. earnings: 1/5 06:30 am
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calmainefoods.com/investors
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Source: Business Wire
RIDGELAND, Miss.--(BUSINESS WIRE)--Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that it has completed a strategic investment with Crepini LLC, establishing a new egg products and prepared foods joint venture. Crepini LLC, founded in 2007, has grown its brand throughout the United States and Mexico featuring egg wraps, protein pancakes, crepes, and wrap-ups, which are now sold online and in over 3,500 retail stores.The new entity, located in Hopewell Junction, New York, will operate as Crepini Foods LLC (“Crepini”). Cal-Maine Foods will capitalize Crepini with approximately $6.75 million in cash to purchase additional equipment and other assets and fund working capital in exchange for a 51% interest in the new venture. Crepini LLC will contribute its existing assets and business in exchange for a 49% interest in the new venture.Commenting on the announcement, Sherman Miller, president and chief executive officer of Cal-Maine Foods, Inc., stated, “We are pleased to announce
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News
- Eggs, margins and Cal-Maine Foods' stock price [Seeking Alpha]Seeking Alpha
- Cal-Maine Foods, Inc. Announces Release Date for First Quarter Fiscal 2025 Results [Yahoo! Finance]Yahoo! Finance
- Cal-Maine Foods, Inc. Announces Release Date for First Quarter Fiscal 2025 ResultsBusiness Wire
- Cal-Maine Foods forms US venture with Crepini [Yahoo! Finance]Yahoo! Finance
- Cal-Maine Foods creates egg products joint venture with new investment [Seeking Alpha]Seeking Alpha
CALM
Earnings
- 10/3/23 - Beat
CALM
Sec Filings
- 9/9/24 - Form 8-K
- 8/22/24 - Form DEFA14A
- 8/22/24 - Form ARS
- CALM's page on the SEC website