---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-012417"
form_type: "8-K"
ticker: "CVGW"
cik: "0001133470"
company_name: "CALAVO GROWERS INC"
filed_at: "2024-08-21T23:59:59+00:00"
generated_at: "2026-05-31T08:12:08.256118+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Calavo Growers sells Fresh Cut business for $83M; focuses on core avocado/guacamole

## Summary
- Total consideration $83M: $52M for assets plus $31M for Riverside real estate.
- Net proceeds used to repay ~$45.8M in debt; credit line reduced from $90M to $75M.
- EVP Paul Harrison resigned to join buyer F&S; sale closed Aug 15, 2024.
- Pro forma FY2023 net income from continuing ops of $4.7M vs historical loss of ($8.3M).
- Company to report Q3 earnings on Sep 9, 2024.

## SEC filing metadata
- accession: 0001558370-24-012417
- form_type: 8-K
- ticker: CVGW
- cik: 0001133470
- company_name: CALAVO GROWERS INC
- filed_at: 2024-08-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133470/000155837024012417/0001558370-24-012417-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133470/000155837024012417/cvgw-20240815x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-012417
- JSON: https://secwatch.observer/filing/0001558370-24-012417.json
- Plain text: https://secwatch.observer/filing/0001558370-24-012417.txt

## Source-grounded claims
- claim_id: 6fd9f5442e
  claim: Paul Harrison resigned as Executive Vice President RFG Prepared at CALAVO GROWERS INC.
  evidence_excerpt: On August 15, 2024, Paul Harrison, the Company’s Executive Vice President RFG Prepared, resigned 1 in connection with the transaction contemplated by the Asset Purchase Agreement and Purchase and Sale Agreement in order to accept employment with Buyer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837024012417/0001558370-24-012417-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.