28May2011
Calavo Growers Buying Renaissance Food Group
In a deal slated to close June 1, Calavo Growers, the Santa Paula, Calif.-based marketer of avocados, fresh salsa, guacamole hummus, will buy Renaissance Food Group, the Rancho Cordova-based fresh produce company. Calavo’s aim is to increase its supermarket offerings.
Renaissance Food Group’s annual sales are expected to hit $100 million this year. Its lines include fresh-cut fruit and vegetables, salads, snacks and party trays which are sold to major retailers nationwide. It will operate as a wholly owned subsidiary of the Calavo Foods business unit.
