Acquisitions

Fiscal 2017 Acquisitions

On October 16, 2016, the Company acquired substantially all of the egg production assets and assumed certain liabilities of Foodonics International, Inc. and its related entities doing business as Dixie Egg Company (collectively, “Foodonics”) for $68.6 million of cash and $3.0 million of deferred purchase price.

On February 18, 2017, the Company acquired substantially all of the egg production, processing, and distribution assets of Happy Hen Egg Farms, Inc. and its affiliates (collectively, “Happy Hen”) for $17.2 million.

The following table summarizes the aggregate purchase price allocation for Foodonics and Happy Hen (in thousands):



Inventory	$	8,278
Property, plant and equipment	49,849
Intangible assets	26,400
Liabilities assumed	(2,034		)
Total identifiable net assets	82,493
Goodwill	6,329
Purchase price	88,822
Deferred purchase price	(3,000		)
Cash consideration paid	$	85,822

Pro-forma information, which is usually presented for information purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisition been completed as of an earlier time, was not material to the Company’s Consolidated Financial Statements.