Profile: Calavo Growers Inc (CVGW.OQ)

CVGW.OQ on NASDAQ Stock Exchange Global Select Market

39.16USD
10:46am EST
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Calavo Growers, Inc. (Calavo), incorporated on January 5, 2001, is a provider of value-added fresh food. The Company’s expertise in marketing and distributing avocados, prepared avocados, and other perishable foods allows it to deliver an array of fresh and prepared food products to food distributors, produce wholesalers, supermarkets, convenience stores, and restaurants across the world. The Company procures avocados principally from California, Mexico and Chile. Through its various operating facilities, it sorts, packs, and/or ripens avocados, tomatoes, and/or Hawaiian grown papayas. Additionally, it also produces salsa and prepares ready-to-eat produce and deli products. It distributes its products both domestically and internationally and reports its operations in three different 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 (if desired) avocados for delivery to its customers. It operates two packinghouses and three operating and distributing facilities that handle avocados across the United States. In California, the growing area stretches from San Diego County to Monterey County, with the majority of the growing areas located approximately 100 miles north and south of Los Angeles County. The storage life of fresh avocados is limited. The Company sells avocados to a diverse group of supermarket chains, wholesalers, food service and other distributors, under the Calavo family of brand labels, as well as private labels. California avocados delivered to the Company’s packinghouses are graded, sized, packed, cooled and frequently ripened for delivery to customers. The Company imports avocados from Mexico, Chile, Peru, New Zealand and the Dominican Republic.

The Company also handles avocados from Chile, Peru and New Zealand, most of which are on a consignment basis with its growers. Pursuant to its joint venture agreement with Exportadora M5, S.A. (M5), Calavo de Chile is the primary contact with its Chilean avocado sources. It has invested in the Aweta AFS (acoustic firmness sensor) technology and equipment. The majority of its sales are generated from tomatoes and papayas.

Calavo Foods

The Company’s Calavo Foods business procures avocados, processes avocados into a wide variety 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. Its IQF line provides food service and retail customers with peeled avocado halves that are ripe and suitable for immediate consumption. These halves were frozen, packaged and shipped out of Mexicali to warehouses located in the United States and to its customers.

Renaissance Food Group, LLC

The Company’s RFG business produces markets and distributes nationally a portfolio of healthy, lifestyle products for consumers via the retail channel. RFG is a fresh-food company that produces, markets, and distributes nationally a portfolio of healthy, products for consumers via the retail channel. RFG products range from fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products. RFG sells under the labels of Garden Highway Fresh Cut, Garden Highway and Garden Highway Chef Essentials to a wide range of customers. RFG products range from fresh-cut fruit, ready-to-eat vegetables, recipe-ready vegetables and deli meat products. RFG sells 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

2530 Red Hill Ave.
SANTA ANA   CA   92705
P: +1909.8334200

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