Mission Produce is set to acquire Calavo Growers in a move aimed at expanding its presence in the North American avocado market and diversifying its fresh produce offerings. The combined company will benefit from a vertically integrated platform, increasing sourcing security and broadening its portfolio to include additional products such as tomatoes and papayas, alongside avocados, mangos, and blueberries. The acquisition also marks Mission Produce’s entry into the prepared food segment, complementing its current value-added avocado business. The companies anticipate approximately $25 million in cost synergies within 18 months of closing, with further upside potential. A joint conference call was held to discuss the details of the transaction, and presentation materials are available on both companies’ websites.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mission Produce Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9626030-en) on January 14, 2026, and is solely responsible for the information contained therein.