Calavo Growers Acquired by Mission Produce — Consumer M&A

Mission Produce has acquired Calavo Growers, a food beverage retail business in California, for $430 million. Mission Produce acquisitions expand a vertically integrated avocado platform by adding Calavo’s guacamole and related prepared foods products alongside fresh produce categories. Calavo Growers operates packinghouses in Michoacán and Jalisco, strengthening Mission’s Mexico packinghouse network and improving year-round avocado supply consistency for North American customers. The strategic acquisition is structured as a cash-and-stock merger acquisition, with Mission expected to close by the end of August 2026 subject to regulatory and shareholder approvals. Mission Produce anticipates about $25 million in annualized cost synergies within 18 months after closing, supporting EBITDA growth and cash flow generation.