RIDGELAND, Miss. – Cal-Maine Foods Inc. today announced it is acquiring assets of the Van’s Foods business from Sara Lee Frozen Bakery LLC.
The acquisition is aimed at supporting Cal-Maine Foods’ strategy to diversify its business model, grow in prepared foods business-to-consumer retail, and deliver greater value across the supply chain, the company said in a press release.
The addition of Van’s is expected to increase Cal-Maine Foods’ prepared foods annual sales by approximately 10% and volume by about 6% on a pro forma basis, according to the statement.
Van’s is also expected to enhance Cal-Maine Foods’ ability to serve evolving consumer preferences while strengthening its presence across grocery, e-commerce, and other direct-to-consumer channels, the company said.
Van’s competes in the fast-growing better-for-you frozen breakfast segment by combining broad retail distribution with a strong value proposition of taste, convenience, and products tailored to a wide range of dietary needs and preferences.
“Van’s is an exciting and highly complementary addition to our portfolio,” said Sherman Miller, president and chief executive officer of Cal-Maine Foods. “We believe this acquisition will further our diversification strategy by expanding our reach in prepared foods consumer-facing retail. We see meaningful opportunities to drive growth, unlock efficiencies, and innovate in ways that better serve our customers and consumers.”
