Mission Produce, Inc.

Mission Produce, Inc. is a global leader in the avocado industry, specializing in the farming, packaging, marketing, and distribution of avocados to food retailers, distributors, and produce wholesalers worldwide. The company primarily sources avocados from California, Mexico, and Peru. Through its operating facilities, Mission Produce grows, sorts, packs, bags, and ripens avocados, along with a small amount of other fruits, for distribution to domestic and international markets. The company operates through three reportable segments. The Marketing & Distribution segment sources fruit from growers and distributes it through a global network. The International Farming segment owns and operates orchards, primarily in Peru and Guatemala, with the vast majority of fruit produced sold to the Marketing & Distribution segment. This segment's activities span from cultivating early-stage plantings to harvesting from mature trees and also earns service revenues for packing and processing fruit for both the Blueberries segment and third-party producers of other crops. The Blueberries segment consists of farming activities, including cultivating early-stage blueberry plantings and harvesting mature bushes. Substantially all blueberries produced are sold to a single distributor under an exclusive marketing agreement. Mission Produce primarily sources, produces, packs, and distributes Hass variety avocados. The company sorts and packs avocados to customer specifications, selling both pre-ripe and ripened avocados. Its network of ripening facilities allows for adjusting ripeness levels to customer needs. Custom ripening programs offer avocados at five stages of ripeness—hard, preconditioned, breaking, firm-ripe, and ripe—delivered on tailored schedules. In 2021, the company also began marketing mangos on a limited scale.