Mission Produce Finalizes Calavo Growers Acquisition, Expanding North American Produce Platform
AVO is trading near its 52-week low of $10.08 (12% above the low).
Summary
Mission Produce has completed its acquisition of Calavo Growers. This follows the initial acquisition announcement in March, subsequent SEC filings detailing financing and shareholder approvals, and the recent Mexican antitrust clearance. The completion officially integrates Calavo Growers, significantly expanding Mission Produce's North American avocado and fresh produce operations.
At the time of this announcement, AVO was trading at $11.25 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $797M. The 52-week trading range was $10.08 to $15.53. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.