Calavo Growers Inc. acquires Renaissance Food Group LLC
Calavo Growers Inc. acquires Renaissance Food Group LLC
Calavo Growers Inc. announced May 26 that it has signed an agreement for the acquisition of Renaissance Food Group LLC, a closely held fresh-food company that produces, markets and distributes nationally a portfolio of healthy, high-quality lifestyle products. The transaction, which is expected to close on June 1, is for a combination of cash and stock, including earn-out payments based on financial performance. Terms were not further disclosed.