Mission Produce to Acquire Calavo Growers for $430M

Mission Produce has agreed to acquire Calavo Growers in a cash-and-stock deal valuing Calavo at an enterprise value of about $430 million. Calavo shareholders will receive $27.00 per share, made up of $14.85 in cash and 0.9790 shares of Mission common stock for each Calavo share.

The combination is designed to expand Mission’s North American avocado footprint and add fresh-produce categories, while also entering prepared foods via Calavo’s guacamole and related products. Mission expects to achieve approximately $25 million in annualized cost synergies within 18 months after closing. The deal is expected to close by end of August 2026, subject to regulatory and shareholder approvals.