ISE America has transferred its assets owned by ISE and ISE Hiyoko to Cal-Maine Foods
Tokyo – CFI is pleased to announce that it acted as exclusive financial advisor to ISE America in its transfer its assets owned by ISE and ISE Hiyoko to Cal-Maine Foods.
The 17th largest egg producer in the United States, ISE America sets the International Standard of Excellence in egg production. Based in Galena, Maryland they produce eggs for retail, food service, and further processing markets, offering shell, hard-cooked, liquid/frozen, farm, and pasteurized eggs. The company is fully integrated, managing its own breeders, hatchery, feed mills, and pullet farms, with additional offices in New Jersey and South Carolina. They are wholly owned by the Japanese food conglomerate ISE Foods Co., Ltd.
Cal-Maine Foods, Inc. focuses on producing, grading, packaging, marketing, and distributing fresh shell eggs, including conventional, cage-free, organic, brown, free-range, pasture-raised, and nutritionally enhanced varieties. The company’s integrated operations include hatching chicks, raising and maintaining flocks, manufacturing feed, and processing, packaging, and distributing eggs. Cal-Maine offers both specialty and conventional eggs. Its eggs are primarily sold in the mid-Atlantic, Midwest, Southeast, and Southwest states, which together represent about a quarter of U.S. egg consumption.
Sherman Miller, president and chief executive officer of Cal-Maine Foods, comments, “We expect that the acquisition of these assets from ISE will enable us to significantly enhance our market reach in the Northeast and Mid-Atlantic states.”
This transaction closed on 28 June 2024.
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