News Column

Calavo Growers Sells Its Half of Maui Fresh for $2.6 Million

Nov. 13, 2012

Avocado packer and grower Calavo Growers Inc. in Santa Paula, Calif., said it has sold its half of Maui Fresh International for $2.6 million.

Calavo said it sold its half of the California company to San Rafael Distributing Inc. of Arizona.

Calavo had shared joint ownership of Maui Fresh with San Rafael since 2006. The entities started the venture to market, sell and distribute fresh produce from the Los Angeles Wholesale Produce Market.

Calavo said it made about $600,000 on the deal.

Source: (c)2012 Ventura County Star (Camarillo, Calif.) Distributed by MCT Information Services