other material
confidence high
sentiment negative
materiality 0.75
Mission Produce to close 3 facilities, cut jobs in Calavo integration; charges up to ~$15.4M
Mission Produce, Inc.
- Closing Jacksonville FL Calavo facility; consolidating Swedesboro NJ and Dallas-area ops into one site each.
- Severance/benefits ~$1.4M; accelerated depreciation ~$8.6M; asset retirement obligations ~$5.4M.
- Lease termination costs not yet determinable; total cost estimates to be disclosed in future filings.
- Actions follow May 28, 2026 Calavo acquisition to optimize combined distribution network.