Mission Produce closed its acquisition of Calavo Growers on May 28, 2026, adding a business that brings fresh avocados, tomatoes, papayas and value-added prepared foods into Mission’s portfolio.
Under the deal terms, Calavo stockholders receive $26.05 per share, consisting of $14.85 in cash and 0.9790 shares of Mission common stock for each Calavo share, based on Mission’s May 27 closing price of $11.44.
The acquisition makes Calavo a wholly owned subsidiary of Mission and expands Mission’s footprint across North America. Mission said the deal strengthens its sourcing and packing capabilities, improves asset utilization across its network, broadens its reach into complementary fresh produce categories, and accelerates its entry into prepared foods.
Mission also added one director to its board: Kathleen Holmgren, bringing the board to 10 directors. Stephen J. Barnard remains executive chair.
Calavo’s stock stopped trading on Nasdaq before the opening on May 28, 2026, and the shares are expected to be delisted by June 8, 2026.
Mission said the combination links two of North America’s established avocado companies and gives it broader customer reach across retail, wholesale and foodservice. As a result of these announcements, the company's shares have moved 0.67% on the market, and are now trading at a price of $11.325. For more information, read the company's full 8-K submission here.
