CALAVO GROWERS (CVGW) Company Report

Calavo Growers, Inc. announced a strategic combination with Mission Produce, Inc., under which Mission Produce will acquire Calavo Growers for $27.00 per share, comprised of $14.85 in cash and 0.9790 shares of Mission common stock. This transaction is expected to close by the end of August 2026.
For Fiscal Year 2025, Calavo Growers reported total net sales of $648.4 million, a decrease from the prior year, but saw net income from continuing operations increase 192% to $20.0 million (or $1.11 per diluted share).
In Q4 2025, the company's total net sales decreased to $124.7 million compared to $170.0 million in the prior year period, while net income from continuing operations improved to $3.8 million (or $0.21 per diluted share) from a loss of $(2.5) million in the prior year period.

Jan 20, 2026, 4:19 PM

Calavo Growers to be acquired by Mission Produce

CVGW

M&A

Takeover Bid

Mission Produce, Inc. will acquire Calavo Growers, Inc. in a cash-and-stock transaction as per an agreement dated January 14, 2026.
Calavo shareholders will receive 0.9790x of a Mission Produce share and $14.85 in cash per Calavo Growers share, with the consideration being 55% Cash / 45% Stock.
The transaction is expected to generate approximately $25 million in annualized cost synergies within 18 months post-close and is anticipated to close by the end of August 2026.
The acquisition aims to enhance Mission's position in the North American avocado category, diversify its portfolio into prepared foods, and create a scaled fresh produce platform.
The combined entity is projected to have pro forma FY2025A Net Sales of approximately $2,039 million and Adjusted EBITDA of approximately $177 million, including synergies.

Jan 15, 2026, 1:07 AM

Mission Produce to Acquire Calavo Growers

CVGW

M&A

Mission Produce, Inc. is set to acquire Calavo Growers, Inc. in a transaction expected to close by the end of August 2026.
The merger consideration for Calavo Growers shareholders includes 0.9790x of a Mission Produce share and $14.85 of cash per Calavo Growers share, representing a 55% cash / 45% stock mix.
The combined entity is projected to have approximately $2 billion in Pro Forma Net Sales and $177 million in Pro Forma Adjusted EBITDA for FY2025A, including an estimated $25 million in annual cost synergies.
This acquisition aims to create a premier North American avocado and fresh produce platform, allowing Mission Produce to enter the high-growth guacamole segment and enhance its diversified, year-round portfolio.

Jan 14, 2026, 9:30 PM

Mission announces definitive agreement to acquire Calavo Growers

CVGW

M&A

New Projects/Investments

Guidance Update

Mission has entered into a definitive agreement to acquire Calavo Growers in a cash and stock transaction.
Calavo shareholders will receive $27 per share, comprised of $14.85 in cash and 0.9790 shares of Mission.
The transaction is expected to close by the end of August 2026.
The acquisition aims to strengthen Mission's position in the North American avocado and fresh produce market, accelerate international expansion, and diversify its product portfolio into prepared foods, tomatoes, and papayas.
On a pro forma basis for fiscal 2025, the combined company is expected to generate approximately $2 billion in net sales and $176 million in adjusted EBITDA, with $25 million of annualized cost synergies identified within 18 months post-close.

Jan 14, 2026, 9:30 PM

Mission Produce to Acquire Calavo Growers

CVGW

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Mission Produce announced a definitive agreement to acquire Calavo Growers in a cash and stock transaction. Calavo shareholders will receive $27 per share, comprised of $14.85 in cash and 0.9790 shares of Mission for each Calavo share.
The transaction is expected to close by the end of August 2026, subject to customary regulatory and shareholder approvals. Upon close, Mission shareholders are expected to own approximately 80.3% of the combined company, with Calavo shareholders owning approximately 19.7%.
On a pro forma basis for fiscal 2025, the combined company would have generated approximately $2 billion in net sales and $176 million in adjusted EBITDA.
The acquisition is expected to yield $25 million of annualized cost synergies within 18 months post-close.
This acquisition will strengthen Mission's position in the North American avocado and fresh produce market, accelerate international expansion, and diversify the business into prepared foods (guacamole, salsas, and dips), tomatoes, and papayas.

Jan 14, 2026, 9:30 PM

Mission Produce announces acquisition of Calavo Growers

CVGW

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Mission Produce has entered into a definitive agreement to acquire Calavo Growers in a cash and stock transaction.
Calavo shareholders will receive $27 per share, comprised of $14.85 in cash and 0.9790 shares of Mission for each Calavo share.
The transaction is expected to close by the end of August 2026, subject to customary regulatory and shareholder approvals.
On a pro forma basis for fiscal 2025, the combined company is projected to generate approximately $2 billion in net sales and $176 million in adjusted EBITDA.
Mission expects to achieve $25 million of annualized cost synergies within 18 months post-close, driven by operational efficiencies and streamlining the organization.

Jan 14, 2026, 9:30 PM

Calavo Growers, Inc. Announces Q3 2025 Financial Results

CVGW

Earnings

Legal Proceedings

Dividends

For the third fiscal quarter ended July 31, 2025, Calavo Growers, Inc. reported total net sales of $178.8 million, a decrease of less than one percent from the prior year, with net income from continuing operations of $4.7 million or $0.26 per diluted share. Adjusted net income was $10.2 million, or $0.57 per diluted share.
Gross profit for Q3 2025 was $18.2 million, a 9% decrease from the prior year, primarily due to approximately $4.2 million of discrete costs associated with a temporary FDA detention hold on certain avocado imports from Mexico.
The Prepared segment's net sales increased by 40% to $22.9 million and its gross profit increased by 201% to $5.8 million in Q3 2025, while the Fresh segment's sales decreased by 5% to $155.9 million and its gross profit decreased by 32% to $12.4 million.
The U.S. Department of Justice officially closed its FCPA inquiry related to operations in Mexico on September 2, 2025, and the FDA matter has also been resolved as of the same date.
The Board of Directors declared a quarterly cash dividend of $0.20 per share to be paid on October 31, 2025.