Van's Foods Acquired by Cal-Maine Foods | Consumer M&A Deal

Cal-Maine Foods has acquired Van’s Foods, a food beverage retail business in Illinois, for $258M. Cal-Maine Foods acquisitions expand its prepared foods presence by adding Van’s gluten-free frozen waffles to its breakfast lineup and retail distribution. Van’s Foods sells better-for-you frozen breakfast products designed for multiple dietary preferences, strengthening Cal-Maine’s consumer-facing offerings in prepared foods. The strategic acquisition is an add on acquisition that targets growth beyond eggs, with Van’s expected to lift prepared foods annual sales by about 10% and volume by about 6%. Announced as a strategic acquisition, the consumer M&A deal is sized over $100M and is expected to close following regulatory review.