Calavo Growers Finalizes Sale of Fresh Cut Business
Calavo Growers, Inc. (Nasdaq-GS: CVGW), a prominent player in the avocado industry, has announced the successful completion of the sale of its Fresh Cut business along with related real estate to F&S Fresh Foods for $83 million, pending certain closing adjustments.
“We are excited to share that the sale of our Fresh Cut business is now finalized, enabling us to concentrate on our primary avocado and guacamole operations,” stated Lee Cole, President and Chief Executive Officer of Calavo Growers, Inc. “We extend our gratitude to the dedicated team members of the Fresh Cut business for their hard work and commitment to Calavo over the years. We wish them all the best as they transition to F&S. Additionally, we appreciate the team at F&S for collaborating with us on this deal. The Fresh Cut business will be in excellent hands with F&S, a leader in the industry and one of our long-standing co-packing partners.”
“We are eager to share our third quarter results with investors when we announce our earnings shortly.
About Calavo Growers, Inc.
Calavo Growers, Inc. (Nasdaq-GS: CVGW) is a global leader in high-quality produce, including avocados, tomatoes, and papayas. Calavo products are marketed under the trusted Calavo brand, along with proprietary sub-brands, private labels, and store brands. Established in 1924, Calavo boasts a rich tradition of innovation, sustainable practices, and market expansion. The company caters to retail grocery, foodservice, club stores, mass merchandisers, food distributors, and wholesalers across the globe. Calavo is based in Santa Paula, California, with processing plants and packing facilities throughout the U.S. and Mexico.
Frequently Asked Questions
What business did Calavo Growers sell?
Calavo Growers sold its Fresh Cut business to F&S Fresh Foods.
For how much was the Fresh Cut business sold?
The Fresh Cut business was sold for $83 million.
Who is the CEO of Calavo Growers?
Lee Cole is the President and Chief Executive Officer of Calavo Growers, Inc.
What core areas will Calavo focus on after the sale?
Calavo will focus on its core avocado and guacamole businesses.
Where is Calavo Growers headquartered?
Calavo Growers is headquartered in Santa Paula, California.
