Mission Produce completed its acquisition of Calavo Growers on May 28, 2026, making Calavo a wholly owned subsidiary [1].
The merger consolidates two major players in the avocado market to create a scaled fresh-produce platform. By integrating Calavo's operations, Mission Produce aims to strengthen its vertically integrated model and accelerate international growth [1, 2].
Based in Oxnard, California, Mission Produce sought the acquisition to broaden its product portfolio and expand its footprint across North America [1, 2]. The transaction was finalized after the companies obtained necessary antitrust clearance from Mexico [5].
Financial terms of the deal included an acquisition price of $26.05 per share [4]. This price consisted of a cash component of $14.85 per share, and a share component of 0.9790 shares of Mission Produce stock [4].
Company leadership said the move is intended to advance the company's North American avocado and fresh-produce platform [1]. The integration of Calavo Growers allows Mission Produce to diversify its offerings beyond its existing product lines, and leverage a larger distribution network [2].
“Mission Produce completed its acquisition of Calavo Growers on May 28, 2026”
This acquisition signals a trend toward vertical integration within the agricultural sector, as Mission Produce seeks to control more of the supply chain from growth to distribution. By absorbing Calavo Growers, Mission Produce reduces competition in the North American market and gains the scale necessary to compete more aggressively in global produce exports.
