In a November 28th release, AGR Partners announced that their share in Opal Foods has been sold to co-owners Rose Acre Farms and Weaver Brothers Inc.

In commenting on the change in equity participation, Tim Weaver noted “Opal Foods experienced tremendous growth over the past six years.  We appreciate the assistance of AGR in helping us achieve growth in the industry as our family did not operate outside our region prior to our partnership.”

Ejnar Knudsen, CEO of AGR Partners, noted “Our goal is to invest in family businesses and identify strategic opportunities.  The Weaver and Rust families have been great partners over the past seven years and we are delighted to sell our shares to these two family-led businesses.”

Knudsen is optimistic over the future of the egg industry and observed that Opal Foods is better positioned than most with its geographic spread and a significant specialty and cage-free asset base.

Opal Foods operates facilities in Missouri, Colorado, and Iowa with headquarters in Neosho, MO.