Mission Produce to close plants, take charges

Mission Produce, Inc. (AVO) announced a restructuring of its distribution network following its acquisition of Calavo Growers, Inc. completed on May 28, 2026.

Rhea-AI Filing Summary

Mission Produce, Inc. (AVO) announced a restructuring of its distribution network following its acquisition of Calavo Growers, Inc. completed on May 28, 2026. On September 11, 2026, the company decided to close and consolidate several facilities and reduce its workforce in connection with these changes.

Mission Produce will consolidate operations in Swedesboro, New Jersey into one facility, combine its Dallas-area operations into a single facility in Garland, Texas, and close the Calavo facility in Jacksonville, Florida. The company expects employee severance and related benefits of approximately $1.4 million, accelerated depreciation of approximately $8.6 million, and estimated asset retirement obligations of approximately $5.4 million, plus additional lease termination costs that have not yet been determined.

The severance, related benefits, and asset retirement obligations are expected to be cash charges, and lease termination costs may also include cash expenditures. Mission Produce states that these costs are consistent with integration costs anticipated in its post-acquisition plans and intends to disclose total amounts or ranges of costs and cash charges in future SEC filings when estimable.

Positive

• None.

Negative

• Restructuring charges expected: Mission Produce anticipates approximately $1.4 million in severance, $8.6 million in accelerated depreciation, and $5.4 million in asset retirement obligations, plus yet-to-be-determined lease termination costs related to facility closures and consolidations.
• Facility closures and workforce reductions: The company plans to close the Jacksonville, Florida Calavo facility and consolidate operations in New Jersey and Texas, accompanied by related workforce reductions.

Filing Explained

The restructuring’s disclosed cash charges remain unquantified in total; against $47.1 million of cash at July 31, 2026, that balance equals 884.3 days of the latest quarter’s $4.9 million operating cash outflow at that rate.

Sources and calculations

• Mission Produce Form 8-K (2026-09-11)
• Mission Produce latest quarterly fundamentals (2026Q3)

• Available liquidity against the last reported quarterly operating outflow, in days at that rate $47,100,000 / ($4,900,000 / 92) = 884.3 days

8-K Event Classification

Item 2.05 — Costs Associated with Exit or Disposal Activities

1 item

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Key Figures

Acquisition completion date (Calavo Growers, Inc.): May 28, 2026 Restructuring decision date: September 11, 2026 Employee severance and related benefits: $1.4 million +2 more

5 metrics

Acquisition completion date (Calavo Growers, Inc.) May 28, 2026 Date Mission Produce completed the acquisition of Calavo Growers, Inc.

Restructuring decision date September 11, 2026 Date Mission Produce determined to implement facility closures and consolidations

Employee severance and related benefits $1.4 million Estimated restructuring-related severance and benefits costs

Accelerated depreciation $8.6 million Estimated depreciation charges associated with the restructuring

Asset retirement obligations $5.4 million Estimated asset retirement obligations from restructuring actions

Key Terms

asset retirement obligations, accelerated depreciation, lease termination costs, forward-looking statements, +2 more

6 terms

asset retirement obligations financial

"estimated asset retirement obligations totaling approximately $5.4 million"

Asset retirement obligations are a company’s recorded promise to pay for dismantling, cleaning up, or restoring property when a long-lived asset is retired — for example decommissioning a plant or removing equipment. Companies estimate the future cleanup cost today and book it as a liability (and add the cost to the asset), so it affects the balance sheet, reported profits over time, and future cash needs; investors watch it like a planned bill that can reduce cash available for returns.

accelerated depreciation financial

"accelerated depreciation of approximately $8.6 million"

A method that lets a business record larger portions of an asset’s cost as expenses in the early years of its life rather than spreading them evenly over time. Like taking bigger slices of a cake up front, it reduces reported profit initially but often lowers taxes and boosts near-term cash flow, which can change investors’ views of profitability, valuation and the timing of returns on capital.

lease termination costs financial

"and lease termination costs which are not determinable at this time"

forward-looking statements regulatory

"contains certain forward-looking statements within the meaning of the Private"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Private Securities Litigation Reform Act of 1995 regulatory

"within the meaning of the Private Securities Litigation Reform Act of 1995"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What restructuring actions did Mission Produce (AVO) announce on September 11, 2026?

Mission Produce decided to consolidate operations in Swedesboro, New Jersey into one facility, combine its Dallas-area facilities into a single Garland, Texas site, and close the Calavo facility in Jacksonville, Florida, along with related workforce reductions.

How much severance cost does Mission Produce (AVO) expect from the restructuring?

Mission Produce expects employee severance and related benefits costs totaling approximately $1.4 million as part of the facility closures and consolidation initiatives announced on September 11, 2026.

What non-cash charges will Mission Produce (AVO) recognize from this restructuring?

The company expects accelerated depreciation of approximately $8.6 million related to the restructuring. It also expects estimated asset retirement obligations totaling approximately $5.4 million, which are anticipated to be cash charges.

Are Mission Produce (AVO) restructuring costs tied to the Calavo acquisition?

Yes. Mission Produce states these costs are consistent with integration costs anticipated as part of its post-acquisition integration plans following the completion of its Calavo Growers, Inc. acquisition on May 28, 2026.

Will Mission Produce (AVO) incur lease termination costs in this restructuring?

The company expects lease termination costs related to the restructuring, which may include cash charges. It states that the total amount or range of these costs cannot be determined yet and will be disclosed in future SEC filings when estimable.

Can Mission Produce (AVO) currently estimate total restructuring costs and cash charges?

No. Mission Produce states it cannot make a good faith estimate of the total amount or range of restructuring costs, or future cash charges, at this time and will provide this information in later SEC filings once determined.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/16/2026 - 04:06 PM Accepted by SEC EDGAR 09/16/2026 - 04:05 PM Learn about SEC filing dates

false 0001802974 0001802974 2026-09-11 2026-09-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

September 11, 2026

Date of Report (date of earliest event reported)

MISSION PRODUCE, INC.

(Exact name of Registrant as specified in its charter)

Delaware		001-39561		95-3847744
(State or other jurisdiction of incorporation or organization)		(Commission File Number)		(IRS Employer Identification No.)

2710 Camino Del Sol Oxnard, CA		93030
(Address of principal executive offices)		(Zip code)

(805) 981-3650

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.001 per share		AVO		The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05. Costs Associated with Exit or Disposal Activities.

As part of Mission Produce, Inc.’s (the “Company”) ongoing efforts to review and optimize its combined distribution network and operations following the Company’s acquisition of Calavo Growers, Inc. (“Calavo”), which was completed on May 28, 2026, the Company has decided to close three of its facilities across the Company’s distribution network and to implement workforce reductions related to the facility closures and the consolidation of certain operations in California. Specifically, on September 11, 2026, the Company determined it will: (1) consolidate its operations in Swedesboro, New Jersey into one facility; (2) combine its Dallas-area facilities into one facility in Garland, Texas; and (3) close the Calavo facility in Jacksonville, Florida.

The Company expects to incur costs associated with these actions which are consistent with the integration costs anticipated as part of the Company’s post- acquisition integration plans. These costs are expected to include, among other things, employee severance and related benefits costs totaling approximately $1.4 million, accelerated depreciation of approximately $8.6 million, estimated asset retirement obligations totaling approximately $5.4 million, and lease termination costs which are not determinable at this time. The severance and related benefits and the asset retirement obligations are expected to be cash charges, and the lease termination costs may also include cash charges. The Company is not able to make a good faith estimate of the total amount or range of amounts of these costs, or the total amount or range of amounts of future cash charges, at this time. The Company expects to disclose such amounts in future Securities and Exchange Commission filings after it makes a determination of such estimates or such information becomes available.

Forward-looking Statements

This Current Report on Form 8-K contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this Current Report that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the expected timing and completion of the Restructuring, the estimated costs and charges associated with the Restructuring, the amount and timing of cash expenditures, and the expected benefits of the Restructuring. Forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this Current Report, including but not limited to, the risks and uncertainties set forth under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended 2025 and the Company’s other filings with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

				Mission Produce, Inc.
Date: September 16, 2026				By:		/s/ John Pawlowski
				Name:		John Pawlowski
				Title:		President and Chief Executive Officer

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