Calavo is owned by Mission Produce (the United States, NASDAQ: AVO), which acquired the brand on 28 May 2026.[1][2] Calavo was founded in 1924 in the United States and was independent until 2026.
Calavo was founded in 1924 to market California avocados and is the name on fresh avocados, tomatoes and Hawaiian-grown papayas, and on guacamole made in a single plant in Michoacán, Mexico, using high-pressure cold pasteurisation instead of preservatives. It owns no farms and buys from independent growers. Calavo sold its fresh-cut fruit and vegetable business in August 2024, and was itself bought by Mission Produce on 28 May 2026, when its shares left Nasdaq.
Mission Produce is a publicly listed company headquartered in Oxnard, California, United States, founded in 1983. Brandtree records 2 brands under its control, and it is listed as NASDAQ: AVO.
Mission Produce sources, grows, packs, ripens and distributes Hass avocados, and describes itself as a world leader in doing so. It began in California in 1983, when Steve Barnard and Ed Williams started selling fresh California avocados, and it now farms its own avocados and mangos in Peru as well as buying fruit from growers in Mexico and elsewhere. On 28 May 2026 it completed the acquisition of Calavo Growers, paying about 17.5 million of its own shares and $266 million in cash. It also holds minority interests it does not control: 49 per cent of the distributor Henry Avocado, about 28 per cent of Mr. Avocado in China and about 30 per cent of the Colombian grower Copaltas.
Brandtree records a controlling owner for 2,399 brands that began in the United States.
461 of them (19%) are now controlled by a company headquartered in another country; Calavo is not one of them.
Mission Produce acquired Calavo Growers, the listed California avocado company founded in 1924, under a merger agreement dated 14 January 2026 that completed on 28 May 2026. Each Calavo share was converted into 0.9790 of a Mission Produce share plus cash; in total Mission Produce issued about 17.5 million shares and paid about $265.9 million, funded from cash and new borrowing. Calavo became Calavo Growers, LLC, a wholly owned subsidiary, and its shares were removed from Nasdaq. It put the Mission and Calavo avocado labels under one owner, which began closing overlapping distribution facilities in September 2026.
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