Golden Oval completes asset purchase
Jul 5, 2006 8:30 AM, from staff and wire reports
Golden Oval Eggs LLC’s purchase of MoArk LLC’s liquid egg processing assets has been completed. The purchase agreement—which includes cash, a three-year note, a brand licensing agreement, and a shell egg supply agreement—was initially announced in late May.
The transaction involves all five MoArk liquid egg products processing facilities, associated inventory, and other related assets. The facilities are in Norco and Vernon CA, Millersburg OH, Abbeville AL, and Neosho MO.
Golden Oval Eggs ranks among the top 10 liquid egg producers and processors. MoArk, a wholly owned subsidiary of Land O’Lakes, is the nation’s third-largest producer and marketer of shell eggs including branded and specialty eggs.
