Mission Produce Completes Acquisition of Calavo Growers for $463.5M in Cash & Stock
AVO is trading near its 52-week low of $10.08 (12% above the low).
Summary
Mission Produce completed its acquisition of Calavo Growers, Inc. for approximately $463.5 million in cash and stock, significantly expanding its market presence and product offerings.
Key Events · M&A and Partnerships · AVO
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Acquisition Completed
Mission Produce finalized its acquisition of Calavo Growers, Inc. on May 28, 2026, a transaction previously announced on January 14, 2026.
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Merger Consideration
Calavo shareholders received 0.9790 Mission Produce shares and $14.85 in cash per Calavo share, totaling approximately 17.5 million Mission Produce shares and $265.9 million in cash.
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Financing Details
The cash portion of the acquisition was funded through available cash and additional borrowings under Mission Produce's $550 million amended and restated credit facility, established on April 1, 2026.
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Board Appointment
Kathleen Holmgren, former vice-chair of Calavo's Board of Directors, was appointed to Mission Produce's Board of Directors, filling a newly created seat.
Analysis · AVO · Industrial Applications And Services
This 8-K marks the definitive completion of Mission Produce's acquisition of Calavo Growers, a major strategic move that has been in progress for months. The transaction, valued at approximately $463.5 million, involves the issuance of over 17.5 million new shares, representing substantial dilution for existing shareholders, and the cash component increases debt. However, the acquisition is expected to drive long-term growth and operational synergies by expanding Mission Produce's scale, product portfolio, and North American footprint. The integration of Calavo's operations and the addition of a former Calavo director to Mission's board are key steps in realizing the strategic benefits of this merger.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 42.6% of the 523 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.47%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AVO was trading at $11.27 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $797M. The 52-week trading range was $10.08 to $15.53. This filing was assessed with neutral market sentiment and an importance score of 9 out of 10.