Cal-Maine Foods Expands Prepared Foods Business with Van’s Foods Acquisition

On May 12, Cal-Maine Foods, Inc. (NASDAQ:CALM) and Sara Lee Frozen Bakery, LLC, a starring shaper of premium frozen baked goods, announced that Cal-Maine Foods had acquired definite assets of the Van’s Foods concern from Sara Lee Frozen Bakery, LLC, a Kohlberg portfolio company.

Van’s is the starring marque successful gluten-free waffles and has established itself arsenic a class person successful the rapidly increasing better-for-you frozen meal market. The acquisition supports Cal-Maine Foods’ strategy to diversify its business, grow its prepared foods business-to-consumer (B2C) retail operations, and make greater worth crossed the proviso chain.

The summation of Van’s is expected to summation Cal-Maine Foods’ yearly prepared foods income by astir 10% and boost measurement by astir 6% connected a pro forma basis. The marque is expected to fortify the company’s quality to conscionable changing user preferences portion expanding its scope crossed market stores, e-commerce platforms, and different direct-to-consumer channels.

Van’s competes successful the fast-growing better-for-you frozen meal class done wide retail organisation and a beardown worth proposition centered connected taste, convenience, and products designed to conscionable a assortment of dietary needs and preferences.

Cal-Maine Foods, Inc. (NASDAQ:CALM) is the largest ovum shaper successful the United States and a starring institution successful the egg-based nutrient industry.

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