Cal-Maine to Buy Echo Lake Foods for $258M

Dow Jones

Apr 09, 2025

By Katherine Hamilton

Cal-Maine Foods is acquiring a Vermont egg product maker for $258 million.

Cal-Maine, a producer of shell eggs, said Tuesday it signed a definitive agreement to buy Echo Lake Foods, which produces, packages and distributes ready-to-eat egg products and breakfast foods such as waffles and scrambled eggs.

The deal would help Cal-Maine enter a new portion of the egg category and reduce earnings volatility, the Ridgeland, Miss., company said.

Cal-Maine Chief Executive Sherman Miller said the company is looking to diversify its product mix as it deals with shortages related to an avian-flu outbreak.

Both companies have approved the transaction and expect it to close by the end of fiscal 2025. Cal-Maine plans to pay in cash that it has on hand, it said.

Echo had annual revenue of $240 million in 2024.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

April 08, 2025 17:26 ET (21:26 GMT)

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