Mission Produce Inc

NASDAQ:AVO

Mission Produce, Inc. engages in sourcing, producing and distributing avocados. The company is headquartered in Oxnard, California and currently employs 2,800 full-time employees. The company went IPO on 2020-09-30. The firm procures avocados principally from California, Mexico and Peru. The company operates through two operating segments: Marketing and Distribution and International Farming. The Marketing and Distribution segment sources fruit from growers and then distributes the fruit through its global distribution network. Its International Farming segment owns and operates orchards from which all fruit produced is sold to its Marketing and Distribution segment. The International Farming segment's farming activities range from cultivating early-stage plantings to harvesting from mature trees, and it also earns service revenues for packing and processing for producers of other crops during the avocado off-harvest season. Its International Farming segment is principally located in Peru, with smaller operations in other areas of Latin America.