
Cal-Maine Foods, Inc. (NASDAQ: CALM) has announced the completion of a strategic investment in Crepini LLC, forming a joint venture focused on egg products and prepared foods. Founded in 2007, Crepini LLC is known for its innovative offerings like egg wraps, protein pancakes, and crepes, sold both online and in over 3,500 retail stores across the U.S. and Mexico.
The new entity, Crepini Foods LLC, will operate from Hopewell Junction, New York. Cal-Maine Foods has invested approximately $6.75 million to fund equipment purchases and working capital, securing a 51% stake in the venture. Crepini LLC, which retains a 49% stake, will contribute its existing business and assets.
Sherman Miller, President and CEO of Cal-Maine Foods, expressed excitement about the partnership, stating it aligns with the company’s strategy to expand its product portfolio and focus on value-added egg products. This collaboration will leverage Crepini’s established brand to broaden market reach and cater to growing consumer demand for affordable protein options.
Paula Rimer Shkolnik, CEO of Crepini LLC, highlighted the benefits of the partnership in expanding their brand’s reach, emphasizing shared values between the two companies in innovation and product excellence.
About Cal-Maine Foods
Cal-Maine Foods is the largest producer and distributor of fresh shell eggs in the U.S., offering a variety of conventional, cage-free, organic, and specialty eggs.
About Crepini LLC
Crepini LLC specializes in low-carb, gluten-free, and high-protein egg-based products, selling in the U.S. and Mexico.
For more details, visit Cal-Maine’s official website or Crepini LLC’s online store.