F&S Fresh Foods acquires Calavo's fresh-cut produce business from Renaissance Food Group
Aug 19, 2024•over 1 year ago
Acquiring Company
F&S Fresh Foods
Acquired Company
Calavo Growers
Description
F&S Fresh Foods, a family-owned fresh food manufacturer, has completed the acquisition of Calavo Growers, Inc.'s fresh-cut produce business, formerly known as Renaissance Food Group (RFG). This strategic move allows F&S Fresh Foods to expand its customer reach, product offerings, and operational capabilities, enabling the company to serve customers from coast to coast across North America.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed