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Cal-Maine Foods, Inc. Acquires Deal-Rite Feeds, Inc.

RIDGELAND, Miss.–(BUSINESS WIRE)–Cal-Maine Foods, Inc. (NASDAQ: CALM) today announced that the Company has acquired certain assets of Deal-Rite Feeds, Inc. and its affiliated entities, including two feed mills, storage facilities, usable grain, vehicles, related equipment and retail feed sales business located in Statesville and Union Grove, North Carolina. The Company is funding the acquisition with available cash on hand. Sherman Miller, president and chief executive officer of Cal-Maine Foods, expressed excitement about the acquisition and the growth opportunities it presents for the company.

The Impact on Me:

As a consumer, this acquisition may not have a direct impact on you. However, it could potentially lead to improved products and services from Cal-Maine Foods, Inc. as they expand their operations and offerings in the feed industry. Keep an eye out for any changes or enhancements in the future!

The Impact on the World:

On a larger scale, this acquisition could have ripple effects in the feed industry. It may lead to increased competition, innovation, and potentially lower prices for consumers. Additionally, the expanded operations of Cal-Maine Foods, Inc. could create job opportunities and stimulate economic growth in the regions where the acquired assets are located. Overall, this acquisition could have a positive impact on the feed industry and broader economy.

Conclusion:

In conclusion, Cal-Maine Foods, Inc.’s acquisition of Deal-Rite Feeds, Inc. marks an exciting development for the company and the feed industry as a whole. With the addition of new assets and capabilities, Cal-Maine Foods, Inc. is positioned for growth and innovation in the coming years. Keep an eye out for updates on how this acquisition will shape the future of the feed industry!