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Lifecore Biomedical Focuses on Becoming a Standalone CDMO

Announces sale of its Curation Foods avocado business.

Lifecore Biomedical, Inc., a fully integrated contract development and manufacturing organization (“CDMO”), announced that it has completed the sale of its Curation Food’s avocado products business for $17.5 million in cash, subject to certain customary net working capital adjustments. James Hall, president and CEO, Lifecore Biomedical, said: “This transaction marks another step in our strategy to monetize our remaining Curation Foods assets and unlock the potential of Lifecore as a standalon...

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