Mission Produce completed the acquisition of Calavo Growers on May 28, 2026, making the company a wholly-owned subsidiary [1].

The merger combines two of the largest California-based avocado suppliers in the U.S. This consolidation aims to streamline distribution and increase market share in the competitive produce sector.

The transaction was valued at $430 million [1]. To finalize the deal, Calavo shareholders received $26.05 per share, which consisted of $14.85 in cash and 0.9790 Mission Produce shares [2]. While some reports suggested a price of $27 per share, the primary press release documentation lists the value at $26.05 [2].

Mission Produce expects the integration of the two companies to yield approximately $25 million in synergies by 2026 [3]. These gains are expected to come from combined logistics and operational efficiencies, reducing the overhead associated with maintaining two separate supply chains for the same fruit.

Both companies operate extensively within California, and the acquisition allows Mission Produce to absorb a direct rival to solidify its footprint in the region [4]. The closing of the deal marks the end of the regulatory and shareholder approval process required for the merger.

“Mission Produce completed the acquisition of Calavo Growers on May 28, 2026”

This acquisition signals a trend toward consolidation in the agricultural supply chain. By absorbing a primary competitor, Mission Produce is not only increasing its volume of product but is attempting to lower the cost of delivery through shared infrastructure. The success of the deal will depend on whether the company can actually realize the projected $25 million in synergies without disrupting the stability of the avocado supply.