US produce company Calavo Growers has appointed its former finance chief B. John Lindeman as its new CEO. Lindeman will succeed Lee Cole, who will retire as president and CEO on 8 December. Founded in 1924, the company processes and distributes avocados, tomatoes and papayas, along with guacamole under the Calavo brand. Kathleen Holmgren, chair of the board of directors at Calavo, said: “On behalf of the Board and the entire Calavo family, I want to express our deep gratitude to Lee for his decades of o ...

Trade Policy Adjustment - The US government rolled back tariffs on various everyday staples, including coffee, tea, tropical fruits, cocoa, spices, bananas, oranges, tomatoes, certain beef types, and fertilizers [1] - The US government exempted these items due to limited domestic production [2][3] - Critics question the initial imposition of tariffs on these items [3] Revenue and Rebate Program - The President touted billions of dollars in revenue generated from tariffs [4] - A proposed $2,000 rebate check program for Americans requires congressional approval [4] - The timing for the distribution of these checks is projected for sometime next year [4]

Trade Policy Changes - The U S government is considering eliminating or reducing tariffs on certain food products, like beef, coffee, and tomatoes, that the U S either doesn't produce or doesn't produce enough of [2][3] - The U S and Switzerland have reached a preliminary trade agreement to lower tariffs on many Swiss goods, including watches, from 39% to 15% [7] - Switzerland is committing to a $200 billion investment pledge over five years, with $67 billion (one-third) in the next year in the U S [9] Trade Agreement Status - The administration is working to finalize trade deals with various countries, with India being one of the remaining countries without a deal [11] - Canada and Mexico are in a separate category due to the USMCA, which provides them with lower average effective tariff rates [12][13] Tariff Impact & Strategy - The tariff exclusions acknowledge the impact of tariffs on prices, a point previously downplayed by the Trump administration [5] - The scope of the tariff exclusions is still unclear, including which countries and products will be affected [5][6]

President Donald Trump is slated to sign an order on Friday reducing tariffs on beef, tomatoes, coffee and bananas, according to a White House official https://t.co/JZzm6Hz8qy ...

Trade Policy - Mexico established minimum prices for fresh tomato exports to the US [1] - This action aims to regain full market access after the US imposed an anti-dumping duty [1] Industry Impact - The US government imposed an anti-dumping duty on fresh tomatoes from Mexico [1] - Mexico is seeking to regain full access to the US market for its tomato exports [1]

Iran now secretly supplies nine out of ten cauliflowers, tomatoes and watermelons imported by the UAE, a near-monopoly built in just a few years.Middlemen make fortunes; local farmers get squeezed. And it is just getting started https://t.co/EzkFr7nioW ...

The Trump administration withdrew from a longstanding trade agreement with Mexico governing the import of tomatoes and will push forward with a new tariff of just over 17% https://t.co/8rWLYCz5oP ...

The US relies heavily on Mexico for tomatoes and is due to impose a 17% duty on the imported fruit. Here's what you need to know https://t.co/I6WwJDgBCl ...

Trade & Tariffs - The US heavily relies on Mexico for tomatoes [1] - The US is due to impose a 17% duty on imported tomatoes from Mexico [1]

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].