Profile: Calavo Growers Inc (CVGW.O)
28 Apr 2017
Calavo Growers, Inc., incorporated on January 5, 2001, operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG). The Company is engaged in marketing and distributing avocados, prepared avocados and other perishable foods, which allows it to deliver an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants on a worldwide basis. The Company procures avocados principally from California and Mexico. Through its various operating facilities, the Company sorts, packs, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas; processes and packages fresh cut fruit and vegetables, salads, wraps, sandwiches, fresh snacking products and a range of behind-the-glass deli items, and produces and packages guacamole and salsa.
The Company sells avocados under the Calavo family of brand labels, as well as private labels. The Company offers ProRipeVIP avocado ripening program. The ProRipeVIP avocado ripening program allows the Company to deliver avocados evenly ripened to its customers' specifications.
The Company's Fresh products segment includes all operations that involve the distribution of avocados and other fresh produce products. The Company's Fresh products business grades, sizes, packs, cools, and ripens (if desired) avocados for delivery to its customers. As of October 31, 2016, the Company operated two packinghouses and four operating and distributing facilities that handled avocados across the United States. The Company's Fresh products business also procures avocados grown in Mexico, as well as other various perishable foods, including tomatoes and papayas.
The Company's Calavo Foods segment represents all operations related to the purchase, manufacturing, and distribution of prepared products, including guacamole and salsa. The Company's Calavo Foods business procures avocados, processes avocados into a range of guacamole products, and distributes the processed product to its customers. All of its prepared avocado products shipped to North America are cold pasteurized and include both frozen and fresh guacamole. The Company also prepares various fresh salsa products. The Company's Calavo Foods segment maintains relationships with foodservice companies and food retailers.
The Company's RFG segment represents all operations related to the manufacturing and distribution of fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli products. The Company's RFG business produces, markets and distributes nationally a portfolio of fresh packaged food products for consumers through the retail channel. The Company's RFG products include fresh prepared fruit and vegetables, fresh prepared entree salads, wraps, sandwiches and fresh snacking products, as well as ready-to-heat entrees and other hot bar, and behind-the-deli glass meal and salad kits. The Company's RFG products are marketed under the Garden Highway Fresh Cut, Garden Highway and Garden Highway Chef Essentials, as well as store-brand, private label programs.
Calavo Growers Inc
1141 Cummings Rd Ste A
SANTA PAULA CA 93060-9118