Golden Oval to acquire some MoArk assets
May 24, 2006 10:29 AM, from staff and wire reports
Golden Oval Eggs LLC has agreed to purchase the liquid egg processing assets of the Egg Products Division of MoArk LLC. The transaction is expected to be completed on or about July 1, 2006. MoArk will continue to operate its primary business, which is producing and marketing shell eggs.
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. A supply agreement for shell eggs from MoArk facilities and a licensing agreement for the use of the Land O' Lakes brand on liquid egg products are also included in the transaction.
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.
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