Calavo adds volume with Limoneira alliance
Calavo adds volume with Limoneira alliance
Through a business transaction that resulted in each company buying a significant percentage of the other, California-based Calavo Growers Inc. and Limoneira Co. have reached a strategic alliance that is expected to strengthen both firms. The most immediate benefit, according to Calavo's Lee Cole, is the extra 10 million pounds of California avocados now in the Calavo camp. Mr. Cole, who is chairman of the board, CEO and president of Calavo, told The Produce News that the additional tonnage "is significant. In fact, it significantly reduces our packing costs." In a typical year, the Calavo