Mission Produce completes acquisition of Calavo Growers
After first announcing the deal in January, Mission Produce completed its acquisition of Calavo Growers.
The closing of the $430 million merger, which was reported through a press release sent on May 28th, unites two of North America’s most established avocado companies, building on the buying company's leadership in the worldwide fresh produce business.
According to the statement, with Calavo a wholly owned subsidiary, the acquisition strengthens Mission’s vertically integrated global network, enhancing sourcing and packing capabilities.
“The successful completion of this transaction reflects our commitment to building a stronger, more diversified company—one that is well positioned to meet the growing demand for fresh, healthy and convenient foods,” said John Pawlowski, Chief Executive Officer, Mission Produce.
John Lindeman, former President and CEO of Calavo, will continue to lead the firm’s business during a transition period and will report to Pawlowski.
“Our team now has access to a world-class global network, strengthening our ability to serve our partners with greater reach, reliability, and innovation,” said Lindeman.
Additional details about the Mission-Calavo transaction
In connection with the closing, effective May 28, 2026, Kathleen Holmgren has been appointed to Mission’s Board of Directors.
The experienced C-level executive and former Chairman of the Board of Calavo currently serves as a Principal at Sage Advice Partners and has held senior leadership roles at Automation Anywhere and Sun Microsystems.
Under the terms of the agreement, Calavo stockholders will receive $26.05 per share, which is four percent lower than the $27 per share originally announced in January. Payments will be comprised of $14.85 in cash and 0.9790 shares of the buying company's common stock for each share of Calavo.
The shares of Calavo common stock are expected to be delisted from Nasdaq by June 8, 2026.
*All images courtesy of Mission Produce.
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