USA – Cal-Maine Foods has announced a US$6.75 million investment in Crepini LLC, an egg product and prepared food manufacturer based in Hopewell Junction, New York.
According to the company, the funding will be directed toward acquiring new equipment and other assets, with Cal-Maine securing a 51% ownership stake in the venture.
Crepini, which will continue its operations under the name Crepini Foods LLC, will contribute its current assets and business activities to the new partnership.
Crepini specializes in producing egg wraps, protein pancakes, crepes, and protein wrap-ups, distributing its products across both the United States and Mexico.
The company reaches consumers through an online platform and more than 3,500 retail outlets.
This marks the second time Cal-Maine has invested in an egg product business in recent years. In 2021, the company poured US$18.5 million into MeadowCreek Foods, a Missouri-based firm known for its hard-cooked and long shelf-life egg products.
As part of that venture, Cal-Maine became the preferred egg supplier for MeadowCreek Foods, providing both conventional and specialty eggs.
The investment in Crepini aligns with Cal-Maine’s strategy to strengthen its position in the U.S. egg market, which is projected to generate US$15.75 billion in revenue in 2024.
The market is expected to grow annually by 7.40% over the next five years, with the volume of eggs reaching 5.35 billion kilograms by 2029. Volume growth of 3.6% is forecast for 2025.
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