Calavo Growers, Inc. Announces Receipt of Unsolicited Proposal

Core Viewpoint - Calavo Growers, Inc. has received a non-binding proposal to acquire all outstanding shares at a nominal value of $32.00 per share, which includes a mix of stock and cash, pending due diligence and financing [1]. Company Overview - Calavo Growers, Inc. is a global leader in sourcing, packing, and distributing fresh avocados, tomatoes, papayas, and processing guacamole and other avocado products [2]. - The company was founded in 1924 and has a strong culture of innovation and sustainable practices, serving various markets including retail grocery, foodservice, and wholesalers worldwide [2]. - Calavo is headquartered in Santa Paula, California, with facilities across the U.S. and Mexico [2].