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AI brief of an SEC Form 8-K · Mission Produce, Inc. (AVO)

Mission Produce to close three facilities and cut jobs after Calavo integration

Negative Impact 4 of 5 restructuring Written later

Mission Produce said it will close three facilities in its distribution network, consolidating its Swedesboro, New Jersey and Dallas-area operations and closing the former Calavo facility in Jacksonville, Florida, as part of its integration of Calavo Growers, which the company completed on May 28, 2026. The company has not yet estimated total costs, but it has disclosed several specific charges, and it plans to report the full amounts in future SEC filings.

Key points

  • Facility actions were determined on September 11, 2026: consolidate Swedesboro, New Jersey into one facility; combine Dallas-area facilities into one in Garland, Texas; close the Calavo facility in Jacksonville, Florida.
  • Expected employee severance and related benefits of approximately $1.4 million, which are expected to be cash charges.
  • Expected accelerated depreciation of approximately $8.6 million and estimated asset retirement obligations of approximately $5.4 million; lease termination costs are not yet determinable.
  • The company cannot yet make a good faith estimate of the total costs or future cash charges.

The filing

CompanyMission Produce, Inc. (AVO)
Form8-K, current report
Filed with the SECSep 16, 2026, 4:05 PM ET
Accession number0001193125-26-393058

Items reported: 2.05 Exit / Restructuring Costs

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 16, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.