Arden Hills-based Land O’Lakes Inc. is selling the bulk of its California egg operations, part of the company’s strategy to dump much of its egg business, the nation’s third-largest.
Land O’Lakes’ egg subsidiary is California-based Moark, which also has significant operations in Missouri and New England. The “majority” of Moark’s California assets are being sold to Southern California Egg Cooperative, Land O’Lakes confirmed Friday. The price was not disclosed.
Land O’Lakes’ egg business has lost money for the past three years, and the egg business is a volatile one, fraught with increasing uncertainty over animal rights issues. Legislative or ballot efforts to increase cage space for hens have been brewing.
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