Jan 15, 2026 - Business

Avocado producers Mission and Calavo agree to merge

Dan Primack

Boxes of avocados — Photo: Ulises Ruiz, AFP via Getty Images

Mission Produce on Thursday said that it's agreed to acquire Calavo Growers for around $483 million in cash and stock.

Why it matters: This would combine two of North America's largest avocado producers. If you want guac, you'll have to go through them.

Zoom in: Calavo stockholders would receive the equivalent of $27 per share, including $14.85 in cash, representing nearly a 20% premium to yesterday's closing price.

Both companies are headquartered in California.

Go deeper, via the WSJ: "The fruit growers will be combining their farm networks in Mexico and California at a time when global trade policies have created instability for the industry."

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Avocado producers Mission and Calavo agree to merge

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