In a notable business move, Cal-Maine Foods has acquired a recently closed poultry facility in Dexter, Missouri, from Tyson Foods. The acquisition encompasses a broiler processing plant, hatchery, and feed mill, marking a significant shift in the facility’s operational direction.
Both Tyson Foods and Cal-Maine Foods have entered a definitive agreement for the sale, with the transaction slated to conclude in Cal-Maine Foods’ third fiscal quarter. Following the acquisition, Cal-Maine Foods has outlined plans to convert the broiler processing plant into an egg grading facility. This transition reflects the company’s strategic intent to diversify and expand its egg-related operations.
Additionally, Cal-Maine Foods has expressed a commitment to further investments in the acquired facilities and the surrounding community. These investments are expected to pave the way for potential job creation opportunities in the Dexter area. Looking ahead, the company has ambitious expansion plans, including the incorporation of egg product processing capabilities at the facility, such as the production of hard-cooked eggs.
In a move to support sustainable and ethical farming practices, Cal-Maine Foods plans to collaborate with select former contract farmers of Tyson. This partnership aims to assist these farmers in transitioning their operations to align with cage-free, free-range, or pasture-raised egg production standards under the Cal-Maine Foods brand.
Overall, the acquisition of the Tyson facility by Cal-Maine Foods underscores the company’s strategic vision to diversify its operational footprint, invest in facility enhancements, and champion sustainable farming practices in the poultry industry.
