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Calavo Growers expandstropical-product footprint

Published Wednesday, May 21, 2008

Calavo Growers Inc. has acquired Hawaiian Sweet Inc. and Hawaii Pride LLC, papaya and tropical-product packing and processing operations on the Big Island that are owned by Lee E. Cole, Calavo’s chairman, president, and chief executive officer. The company also has appointed Michael R. Lippold, CFA, a food-industry securities analyst, as director of strategic development, a newly created position. An avocado marketer and provider of other fresh-commodity-produce items, Calavo said both the papaya acquisition and Lippold hire are consistent with its CEO’s declared business agenda targeting 25 percent compound annual revenue growth through fiscal 2013. Under terms of ...

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