Brief: Calavo Growers To Discontinue Renaissance Food Group’S Food Processing Operations At Its Green Cove Springs Facility

Calavo Growers

21/10/2021 19:32

Oct 21 (Reuters) - Calavo Growers Inc  CVGW.O :
    * CALAVO GROWERS - TO DISCONTINUE RENAISSANCE FOOD GROUP’S
FOOD
PROCESSING OPERATIONS AT ITS GREEN COVE SPRINGS FACILITY BY MID
TO LATE NOV 2021
    * CALAVO GROWERS - CO’S FRESH (AVOCADO) OPERATIONS AT
FACILITY
WILL CONTINUE AND ARE NOT AFFECTED
    * CALAVO GROWERS -  CLOSURE OF FACILITY WILL RESULT IN
REDUCTION
OF ABOUT 150 EMPLOYEES
    * CALAVO GROWERS - SEES TOTAL RESTRUCTURING, RELATED CHARGES
TO BE
ABOUT $16 MILLION ON PRE-TAX BASIS RELATED TO DISCONTINUATION OF
FOOD PROCESSING OPERATIONS
    * CALAVO GROWERS - EXPECTS TO RECOGNIZE SUBSTANTIALLY ALL OF
RESTRUCTURING, RELATED CHARGES FOR CLOSING OF RFG FACILITY
DURING Q4 2021

Further company coverage:  CVGW.O 

 ((Reuters.Briefs@thomsonreuters.com;))