Cal-Maine Foods Expands Prepared Foods Business with Van’s Foods Acquisition

With an annual dividend yield of 6.30%, Cal-Maine Foods, Inc. (NASDAQ:CALM) is included among the Top 10 High Dividend Stocks to Invest In According to Analysts.

On May 12, Cal-Maine Foods, Inc. (NASDAQ:CALM) and Sara Lee Frozen Bakery, LLC, a leading manufacturer of premium frozen baked goods, announced that Cal-Maine Foods had acquired certain assets of the Van’s Foods business from Sara Lee Frozen Bakery, LLC, a Kohlberg portfolio company.

Van’s is the leading brand in gluten-free waffles and has established itself as a category leader in the rapidly growing better-for-you frozen breakfast market. The acquisition supports Cal-Maine Foods’ strategy to diversify its business, expand its prepared foods business-to-consumer (B2C) retail operations, and create greater value across the supply chain.

The addition of Van’s is expected to increase Cal-Maine Foods’ annual prepared foods sales by about 10% and boost volume by approximately 6% on a pro forma basis. The brand is expected to strengthen the company’s ability to meet changing consumer preferences while expanding its reach across grocery stores, e-commerce platforms, and other direct-to-consumer channels.

Van’s competes in the fast-growing better-for-you frozen breakfast category through broad retail distribution and a strong value proposition centered on taste, convenience, and products designed to meet a variety of dietary needs and preferences.

Cal-Maine Foods, Inc. (NASDAQ:CALM) is the largest egg producer in the United States and a leading company in the egg-based food industry.

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