Calavo Growers Inc (CVGW.OQ) Company Profile | Reuters.com
Edition:
United States

Profile: Calavo Growers Inc (CVGW.OQ)

CVGW.OQ on NASDAQ Stock Exchange Global Select Market

65.61USD
27 Jun 2016
Change (% chg)

-- (--)
Prev Close
$65.61
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
57,855
52-wk High
$68.48
52-wk Low
$43.15

Calavo Growers, Inc. (Calavo), incorporated on January 5, 2001, is a provider of fresh food. The Company is engaged in the marketing and distribution of avocados, prepared avocados, and other perishable foods throughout the United States. The Company also delivers an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants on a global basis. Calavo procures avocados principally from California, Mexico, and Chile. The Company sorts, pack, and/or ripens avocados, tomatoes and/or Hawaiian grown papayas. The Company also produces salsa and prepares ready-to-eat produce and deli products. The Company distributes its products both domestically and internationally. The Company operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

Fresh products

The Company's Fresh products business grades, sizes, packs, cools, and ripens avocados for delivery to its customers. The Company operates two packinghouses and three operating and distributing facilities that handle avocados across the United States. Its fresh products business also procures avocados grown in Chile and Mexico, as well as other various commodities, including tomatoes, papayas, and pineapples. The Company sells avocados to a group of supermarket chains, wholesalers, food service and other distributors, under the Calavo family of brand labels, as well as private labels. The Company's ProRipeVIP, avocado ripening program allows it to deliver avocados evenly ripened to the customers. The majority of the Company's sales are generated from tomatoes and papayas.

Calavo Foods

The Company's Calavo Foods business procures avocados, processes avocados into a variety of guacamole products, and distributes the processed product. It is also engaged in the process of freezing avocado pulp and developing a variety of guacamole recipes, which is delivered to consumers and buyers in both the retail and food service industries. The Company's prepared avocado products that are shipped to North America are cold pasteurized and include both frozen and fresh guacamole. The Company also prepares various fresh salsa products. The Company utilizes ultra-high pressure technology equipment, which is designed to protect and safeguard its avocado and guacamole products without the need of preservatives. Using high pressure only, this procedure destroys the cells of any bacteria that could lead to spoilage, food safety, or oxidation issues. After the procedure is complete, the Company's packaged guacamole is cased and shipped to various retail, club, and food service customers.

RFG

Calavo's RFG business produces, markets and distributes a portfolio of products for consumers through the retail channel. RFG products range from fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products. RFG sells its products under the labels of Garden Highway Fresh Cut, Garden Highway, and Garden Highway Chef Essentials to a range of customers.

Company Address

Calavo Growers Inc

1141A Cummings Rd
SANTA PAULA   CA   93060
P: +1909.8334200

Company Web Links