Mission Produce buying Calavo for $430M
Two publicly traded Ventura County agribusinesses will be combining operations after Oxnard-based Mission Produce announced it is purchasing Santa Paula-based Calavo Growers in a cash-and-stock transaction worth $430 million. Under the terms of the deal announced Jan. 14, Mission agreed to pay Calavo stockholders $27 per share, comprised of $14.85 in cash and 0.9790 shares Read More →
Limoneira’s revenues down in 2025, Mission’s up
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Mission Produce announces C-suite changes for 2026
Oxnard-based Mission Produce announced some succession planning in the works for 2026, as CEO and Co-Founder Steve Barnard announced he will transition to the executive chairman role in April 2026. Succeeding him in April will be current President and COO John Pawlowski. As executive chairman, Barnard will chair the board and provide strategic oversight, working closely Read More →
Glass House Q3 revenue tanks after immigration raids
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Limoneira closes sale of its Chilean ranches for $15M
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Dubroff: Why Lee Cole remains a force in the avocado industry
Calavo CEO Lee Cole’s second retirement comes as the Santa Paula-based company’s board of directors is weighing a buyout offer and looking at other alternatives. It was just a few years ago that Cole, who built the modern Calavo into a world leader in distributing avocados, guacamole and fresh food distribution, stepped back into the Read More →
Glass House Farms’ Q3 revenue goes up in smoke
July 10 immigration raids at Glass House Farms’ cannabis facilities in Camarillo and Carpinteria resulted in a steep decline in third quarter revenue year-over-year. According to the Long Beach-based company’s third quarter earnings report released this month, revenue was $38.4 million compared to $63.8 million in third quarter 2024. The company attributed the revenue dive to revamped Read More →
