Mission Produce to Close 3 Distribution Facilities And Reduce Workforce Following Calavo Growers Acquisition; Anticipates Over $15.4M In Restructuring Charges; Cash Costs Include $1.4M In Severance And $5.4M In Asset Retirement Obligations
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.
Mission Produce is closing 3 warehouses and cutting jobs after buying Calavo Growers. This cleanup costs money now but might help the company run better later.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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