Calavo forms new subsidiary to acquire salsa company
Calavo forms new subsidiary to acquire salsa company
Calavo Growers Inc., a global leader in avocado marketing and an expanding provider of other fresh perishable products, announced Feb. 10 the formation of majority owned Calavo Salsa Lisa LLC and that business's acquisition of Lisa’s Salsa Co., based in St. Paul, MN.
Terms were not further disclosed.
Under the terms of the transaction, Calavo’s expansion into the growing fresh refrigerated salsa category comes through a 65 percent ownership interest in Calavo Salsa Lisa, which acquired the assets of closely held Lisa’s Salsa Co.
Terms were not further disclosed.
Under the terms of the transaction, Calavo’s expansion into the growing fresh refrigerated salsa category comes through a 65 percent ownership interest in Calavo Salsa Lisa, which acquired the assets of closely held Lisa’s Salsa Co.