Mission Produce closes $266M Calavo Growers acquisition, issues 17.5M shares

Filed May 29, 2026 · Period ending May 28, 2026 · ~1 min read

Key Changes

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  Mission Produce completed acquisition of Calavo Growers on May 28, 2026, paying $14.85 cash plus 0.979 Mission shares per Calavo share—totaling ~$266M cash and 17.5M shares. Calavo delisted from Nasdaq same day.

  Item 2.01: Acquisition verify on EDGAR →
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  Cash portion funded through new borrowings under Mission's credit agreement with Bank of America, increasing company's debt load and future interest expense.

  Item 2.01: Financing verify on EDGAR →
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  Deal represents significant dilution to existing Mission shareholders through issuance of 17.5M new shares, while combining two major avocado/produce companies to expand market presence.

  Item 2.01: Consideration verify on EDGAR →