Cal-Maine Foods Acquires Full Ownership of Red River Valley Egg Farms

On May 12th Cal-Maine Foods Inc. announced purchase of the 50 percent shareholding of Rose Acre Farms in the joint venture holding 1.7 million hens in California-compliant housing. The $48.5 million transaction values the complex at $97 million or $57 per hen for modern housing, a packing plant, feed mill, infrastructure, ancillary buildings and 400 acres of land.