Cal-Maine Foods has completed its all-cash acquisition of Echo Lake Foods for approximately $258 million, with an expected tax benefit reducing the effective purchase price to around $230 million. Echo Lake Foods, which generated about $240 million in revenue in 2024, specializes in ready-to-eat egg products and breakfast foods. The deal is strategically aimed at diversifying Cal-Maine’s product portfolio, expanding customer relationships, and reducing earnings volatility.

The acquisition is anticipated to generate $15 million in annual synergies and be accretive to EPS by mid-single digits in fiscal year 2026. Echo Lake’s leadership, including Kathy Brodhagen, will join Cal-Maine. Goldman Sachs served as financial advisor and Sidley Austin as legal counsel.