On October 4, Cal-Maine’s Board of Directors confirmed an $18.5 million investment that will target and create high value commercial product solutions. The company, MeadowCreek Foods, LLC, will specialize in hard-cooked and extended shelf-life egg products.
The facility will be located in Neosho, Missouri and referred to as “MeadowCreek.” The egg producer will be the preferred supplier for the new MeadowCreek manufacturer, providing conventional and specialty eggs.
While Cal-Maine Foods will maintain control of the company, Ronald B. Bennett, serving as the president, will be leading the new management team. Bennett, who has been with Cal-Maine Foods since 1991, will direct MeadowCreek’s marketing plan towards growth in the foodservice and retail markets.
“We are pleased to announce our strategic investment in MeadowCreek, which provides Cal-Maine Foods an opportunity to not only grow our presence in the egg products sector but position ourselves to better seek out solutions for economically feeding a growing world population,” said Dolph Baker (CEO and chairman of Cal-Maine Foods).
“While approximately 30 percent of produced eggs are currently directed to further processing in the U.S., as specialty eggs become more popular, we see the demand for more specialty egg products including cage-free products, to provide for industrial, food service and retail needs. We believe MeadowCreek will play an important role in meeting this demand and look forward to our partnership with Ronald and his operations team in support of this venture.” Read full story at wattagnet.com.