Mergers & Acquisitions ·
Mission Produce closes three facilities, expects to incur approximately $15.4 million in non-cash charges
AVOMission Produce, Inc.
Mission Produce is closing three facilities in Swedesboro, New Jersey; Garland, Texas; and Jacksonville, Florida to optimize its distribution network following the May 28, 2026 acquisition of Calavo Growers. The company expects to incur approximately $15.4 million in non-cash charges, comprising $8.6 million in accelerated depreciation and $5.4 million in asset retirement obligations, plus roughly $1.4 million in cash severance costs. Lease termination expenses remain undetermined. Mission Produce operates in the agricultural distribution industry, specializing in the supply of avocados and other produce.