Mission Produce Acquires Calavo Growers for $26.05 per Share to Expand Fresh Produce Platform
AVO•Mission Produce completed its acquisition of Calavo Growers on May 28, 2026, creating a vertically integrated avocado and fresh produce platform spanning sourcing, packing, and value-added foods. Calavo shareholders received $26.05 per share in cash and share consideration, with Calavo now operating as a wholly owned Mission subsidiary.
1. Acquisition Completion
On May 28, 2026, Mission Produce finalized its purchase of Calavo Growers, paying $26.05 per share comprised of $14.85 in cash and 0.9790 shares of Mission common stock. Calavo is now a wholly owned subsidiary, with its shares to be delisted by June 8, 2026.
2. Strategic Platform Expansion
The deal expands Mission’s North American footprint, enhances asset utilization across its packing facilities and broadens its product portfolio into tomatoes, papayas and prepared foods. Entry into the high-margin guacamole and value-added segment positions Mission to drive innovation and supply reliability for retail, wholesale and foodservice customers.
3. Leadership and Governance Changes
Kathleen Holmgren joined Mission’s board of directors, increasing its size to ten members while Stephen J. Barnard remains Executive Chair. B. John Lindeman will continue leading Calavo’s operations during the transition and report directly to Mission’s CEO, John Pawlowski.
