Michael Foods Subsidiary Purchases Liquid Egg Producer
M.G. Waldbaum Co., a subsidiary of Michael Foods, Inc., Minnetonka, Minn., entered into an agreement to acquire the assets of Primera Foods Corp., a Cameron, Wis.-based liquid egg producer. Included in the transaction will be Primera's manufacturing assets located in Britt, Iowa, and Altura, Minn.
"The purchase of the Primera business is an important decision for our company," says Jim Dwyer, chairman and CEO of Michael Foods. "The two businesses are complementary, and the acquisition will allow the Michael Foods family of companies to extend its capacity and manufacturing capabilities. By increasing our production capacity for egg products, we will be better positioned to address the needs of our customers going forward."