Mission Produce, Inc.
Mission Produce, Inc. together with its consolidated subsidiaries ( Mission Produce or the Company, Registrant, or Issuer, and generally referred to as we or us ), is a global leader in the avocado in…
Mission Produce, Inc. together with its consolidated subsidiaries ( Mission Produce or the Company, Registrant, or Issuer, and generally referred to as we or us ), is a global leader in the avocado industry. The Company’s expertise lies in the farming, packaging, marketing and distribution of avocados to food retailers, distributors and produce wholesalers worldwide. The Company procures avocados principally from California, Mexico and Peru. Through our various operating facilities, we grow, sort, pack, bag and ripen avocados and a small amount of other fruits for distribution to domestic and international markets. We report our results of operations in three operating segments which are also reportable segments: Marketing & Distribution sources fruit from growers and then distributes the fruit through our global distribution network; International Farming owns and operates orchards from which the vast majority of fruit produced is sold to our Marketing & Distribution segment. The segment’s farming activities range from cultivating early-stage plantings to harvesting from mature trees. It also earns service revenues for packing and processing fruit for both our Blueberries segment, as well as for third-party producers of other crops. Operations are principally located in Peru and Guatemala. Blueberries consists of farming activities that include cultivating early-stage blueberry plantings and harvesting mature bushes. Substantially all blueberries produced are sold to a single distributor under an exclusive marketing agreement.
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