Calavo, Limoneira form alliance for growth

June 7, 2005
Calavo Growers Inc and Limoneira Co have announced equity cross-investments in each other’s operations, creating an agribusiness alliance that unites a leading packer and marketer of avocados with one of its industry’s largest growers.

Calavo Growers Inc and Limoneira Co have announced equity cross-investments in each other’s operations, creating an agribusiness alliance that unites a leading packer and marketer of avocados with one of its industry’s largest growers. The transaction involves cash, stock, and other considerations, but terms were not further disclosed.

Under the agreement, Calavo, marketer of avocados and other perishable food products, acquires about 15% ownership interest in Limoneira and becomes the company’s single-largest shareholder. Limoneira’s land holdings include 7,000 California acres, mainly in Ventura County. The 112-year-old company becomes Calavo’s second-largest shareholder through its approximately 7% newly obtained equity stake.

Calavo packs, markets, and distributes an estimated seven to 10 million pounds annually of avocados grown by Limoneira, which also produces lemons, oranges, and other specialty crops. Calavo recently relocated its corporate headquarters from Santa Ana CA to leased office space on the Limoneira ranch in Santa Paula CA.

About the Author

from staff and wire reports

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Gain a strategic edge in today’s evolving fleet landscape. Join us to explore how fuel cards are helping fleet managers cut costs, enhance control, and prepare for an electrified...
What challenges are top of mind for fleet professionals in 2025? Get exclusive insights from the 2025 Fleet Trends Survey and discover where the industry is headed next.
The most successful fleets accomplish more than delivering freight. To accomplish this, fleets need a fuel that’s reliable, more economical and more sustainable. That fuel is ...
Are your KPIs driving real fleet improvement? Learn how to set smarter, data-driven benchmarks, track success like top-performing fleets, and apply proven strategies to optimize...