Cal-Maine Foods Acquires Assets of Egg Supplier ISE America
Cal-Maine Foods, already the country’s biggest egg processor, last week bought the assets of another egg producer/processor, ISE America Inc., headquartered in Galena, Md. The price was $110 million.
The acquired ISE assets include commercial shell egg production and processing facilities with current capacity of approximately 4.7 million laying hens, including 1.0 million cage-free, and 1.2 million pullets, feed mills, approximately 4,000 acres of land, inventories and an egg products breaking facility.
The acquired assets also include an extensive customer distribution network across the Northeast and Mid-Atlantic states, and production operations in Maryland, New Jersey, Delaware and South Carolina.
Sherman Miller, president/CEO of Cal-Maine, said the Northeast is “largely a new territory for Cal-Maine Foods … We are also acquiring production assets for the first time in Maryland, New Jersey and Delaware.”
About the Author
Dave Fusaro
Editor in Chief
Dave Fusaro has served as editor in chief of Food Processing magazine since 2003. Dave has 30 years experience in food & beverage industry journalism and has won several national ASBPE writing awards for his Food Processing stories. Dave has been interviewed on CNN, quoted in national newspapers and he authored a 200-page market research report on the milk industry. Formerly an award-winning newspaper reporter who specialized in business writing, he holds a BA in journalism from Marquette University. Prior to joining Food Processing, Dave was Editor-In-Chief of Dairy Foods and was Managing Editor of Prepared Foods.