Cal-Maine Foods Acquires Van’s Foods to Expand Prepared Foods Business
Cal-Maine Foods (NASDAQ:CALM) has acquired certain assets of the Van’s Foods business from Sara Lee Frozen Bakery, a Kohlberg portfolio company. The acquisition is expected to increase Cal-Maine's annual prepared foods sales by approximately 10% and boost volume by about 6%. This move supports its strategy to diversify operations and expand into better-for-you frozen breakfast products.
Tickers: $CALM