Mission Produce Secures Mexican Antitrust Approval, Merger to Close May 28
Mission Produce has obtained antitrust clearance from Mexico’s Federal Economic Competition Commission for its pending acquisition of Calavo Growers, satisfying a key closing condition. The transaction is now expected to close on May 28, 2026, subject to remaining closing conditions.
1. Mexican Antitrust Approval
Mission Produce has secured clearance from Mexico’s Federal Economic Competition Commission (COFECE), satisfying a key condition in its proposed acquisition of Calavo Growers. This approval covers Mexican operations and removes a significant regulatory barrier to closing the transaction.
2. Remaining Conditions and Closing Date
With Mexican antitrust clearance in hand, Mission Produce and Calavo now expect the merger to close on May 28, 2026, assuming all other closing conditions are satisfied. Both companies continue to work through remaining approvals and finalize integration plans ahead of the anticipated closing date.
3. Strategic Impact for Mission Produce
The acquisition of Calavo is set to expand Mission Produce’s processing and distribution capabilities in avocados, tomatoes and guacamole, complementing its existing global fresh fruit network. The deal promises enhanced market share and operational synergies across North America and Mexico.