Cal-Maine Foods, Inc. engages in the production, grading, packaging, marketing, and distribution of shell eggs in the United States. The company has a total flock of approximately 31.0 million layers and 7.5 million pullets and breeders. The company markets its specialty shell eggs under various brands, such as Egg-Land’s Best, Land O’ Lake, Farmhouse, and 4-Grain. The company is a member of the Egg-Land’s Best, Inc. cooperative. The company has license agreements to market and distribute Egg-Land’s Best specialty shell eggs in major metropolitan areas, including New York City, and various states in the southeast and southwest. It markets cage free eggs under its trademarked Farmhouse brand and distributes those shell eggs across the southeast and southwest regions of the U.S. The company markets organic, all natural, cage-free, vegetarian, and omega-3 eggs under its 4-Grain brand. Shell Eggs: The company sells its shell eggs through its distribution network to a group of customers, including national and local grocery store chains, club stores, foodservice distributors, and egg product manufacturers. Its customers include Wal-Mart Stores and Sam’s Clubs. The shell eggs that the company sells are delivered to its customers’ warehouse or retail stores either with its own fleet or contracted refrigerated delivery trucks or picked up by its customers at its processing facilities. The company sells majority of its shell eggs in the southwestern, southeastern, mid-western, and mid-Atlantic regions of the U.S. Specialty Eggs: The company also produces, markets, and distributes private label specialty shell eggs, such as Egg-Land’s Best, Land O’ Lakes, 4Grain, and Farmhouse branded eggs to various customers. Its 4Grain brand consists of both caged and cage free eggs. The company also produces and markets value-added specialty shell eggs in the U.S. Egg Products: The company’s egg products are sold through American Egg Products, LLC located in Blackshear, Georgia; and Texas Egg Products, LLC located in Waelder, Texas. Acquisitions In August 2012, the company purchased all of the commercial egg assets of Pilgrim’s Pride Corporation. In November 2012, the company acquired the commercial egg assets of Maxim Production Co., Inc. located near Boling, Texas. Growth Strategy The company has pursued a growth strategy focused on the acquisition of existing shell egg production and processing facilities, as well as the construction of new and various efficient facilities. Seasonality The company experiences lower sales and net income in its fourth and first fiscal quarters ending in May and August, respectively. Patents and Trade Names The company owns the trade names, such as Farmhouse, Rio Grande, Sunups, Sunny Meadow, and 4Grain. It produces and markets Egg-Land's Best and Land O’ Lakes eggs under license agreements with Eggland’s Best, LLC. Government Regulation The company’s facilities and operations are subject to regulation by various federal, state, and local agencies, including the United States Food and Drug Administration, the U.S. Department of Agriculture, Environmental Protection Agency, Occupational Safety and Health Administration, and corresponding state agencies. History Cal-Maine Foods, Inc. was founded in 1969. The company was incorporated in Delaware in 1969.
cal-maine foods inc (CALM:NASDAQ GS)
3320 Woodrow Wilson Avenue
Jackson, MS 39209
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