Calavo Growers, Inc., a global player in the avocado industry, has announced that it completed the sale of its fresh cut business and related real estate to F&S Fresh Foods of Vineland, New Jersey, on August 15 for $83 million, subject to various closing adjustments.
"We are pleased to announce that the sale of our Fresh Cut business has been finalized, which will allow us to focus on our core avocado and guacamole businesses," said Lee Cole, President and Chief Executive Officer of Calavo Growers, Inc. "We would like to thank the team members of the Fresh Cut business for their hard work and years of service to Calavo, and we wish them the best as they transition to F&S. We also would like to thank the team at F&S for partnering with us on this transaction. The Fresh Cut business will be in the very capable hands of F&S, a leader in the industry and one of our long-trusted co-packing partners.
"We look forward to sharing our third quarter results with investors when we announce earnings on September 9, 2024."
For more information: 
Julie Kegley
Calavo Growers, Inc.
Tel.: +1 310-622-8246
Email: [email protected]