Exhibit 99.1
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Contacts:
Sherman Miller, President and CEO
Max P. Bowman, Vice President and CFO
(601) 948-6813
CAL-MAINE FOODS, INC. COMPLETES ACQUISITION OF
EGG PRODUCTION ASSETS OF FASSIO EGG FARMS, INC.
RIDGELAND, Miss. (October 4, 2023)
―
the “Company”), the largest producer and distributor of fresh shell eggs in the United States, today
announced it has closed the previously announced acquisition of substantially all the assets of Fassio Egg
Farms, Inc., related to its commercial shell egg production and processing business. The acquired assets
include commercial shell egg production and processing facilities with current capacity of approximately
1.2 million laying hens, primarily cage-free, feed mill, pullets, fertilizer production and land located in Erda,
Utah, outside Salt Lake City.
About Cal-Maine Foods
Cal-Maine Foods, Inc. is primarily engaged in the production, grading, packaging, marketing and
distribution of fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-
raised and nutritionally enhanced eggs. The Company, which is headquartered in Ridgeland, Mississippi,
is the largest producer and distributor of fresh shell eggs in the United States and sells the majority of its
shell eggs in states across the southwestern, southeastern, mid-western and mid-Atlantic regions of the
United States.
Forward Looking Statements
Statements contained in this press release that are not historical facts are forward-looking statements as that
term is defined in the Private Securities Litigation Reform Act of 1995. The forward-looking statements are
based on management’s current intent, belief, expectations, estimates and projections regarding our company
and our industry. These statements are not guarantees of future performance and involve risks, uncertainties,
assumptions and other factors that are difficult to predict and may be beyond our control. The factors that
could cause actual results to differ materially from those projected in the forward-looking statements include,
among others, (i) the risk factors set forth in the Company’s SEC filings (including its Annual Reports on Form
10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K), (ii) the risks and hazards inherent
in the shell egg business (including disease, pests, weather conditions and potential for recall), including but
not limited to the most recent outbreak of highly pathogenic avian influenza affecting poultry in the U.S.,
Canada and other countries that was first detected in commercial flocks in the U.S. in February 2022, (iii)
changes in the demand for and market prices of shell eggs and feed costs, (iv) our ability to predict and meet
demand for cage-free and other specialty eggs, (v) risks, changes or obligations that could result from our
future acquisition of new flocks or businesses and risks or changes that may cause conditions to completing a
pending acquisition not to be met, (vi) risks relating to increased costs and higher and potentially further
increases in inflation and interest rates, which began in response to market conditions caused in part by the
COVID-19 pandemic and which generally have been exacerbated by the Russia-Ukraine war that began in
February 2022, (vii) our ability to retain existing customers, acquire new customers and grow our product
mix, and (viii) adverse results in pending litigation matters. SEC filings may be obtained from the SEC or the
Company’s website
,
looking statements because, while we believe the assumptions on which the forward-looking statements are
based are reasonable, there can be no assurance that these forward-looking statements will prove to be
accurate. Further, the forward-looking statements included herein are only made as of the respective dates
thereof, or if no date is stated, as of the date hereof. Except as otherwise required by law, we disclaim any
intent or obligation to publicly update these forward-looking statements, whether as a result of new
information, future events or otherwise.