MCCORMICK & acquisition history

McCormick acquired the Zatarain's business, the leading New Orleans-style food brand in the U.S. (seasonings, rice mixes and seafood boils), from Citigroup Venture Capital and other investors.

McCormick acquired an additional 25% ownership interest in its McCormick de Mexico joint venture from Grupo Herdez, increasing its ownership to a 75% controlling interest. McCormick de Mexico is a leading Mexican consumer condiments and mayonnaise business.

On January 2, 2026, we acquired an additional 25% ownership interest in McCormick de Mexico from Grupo Herdez, for a purchase price of $750 million, which increases our ownership to a 75% controlling interest. We believe the acquisition creates opportunities for growth.McCormick FY2025 10-K — subsequent events note

Jurado, Inc. is a supplier of chili mash located in Las Cruces, New Mexico. McCormick purchased substantially all of its assets to secure upstream supply for its hot-sauce and condiment portfolio.

On March 31, 2025, we purchased substantially all of the assets of Jurado, Inc. (Jurado), a supplier of chili mash located in Las Cruces, New Mexico. The purchase price for Jurado was $38.1 million, including $14.3 million associated with a customary purchase price adjustment.McCormick FY2025 10-K — transaction and integration expenses note

FONA International is a privately held, leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. $710 million (approximately $708 million net of cash acquired).

The acquisition of FONA reinforces McCormick's global growth strategy as FONA expands the breadth of our flavor solutions segment into attractive categories, as well as extends our technology platform and strengthens our capabilities. This acquisition also accelerates the strategic migration of our portfolio to more value-added and technically insulated products and thus, is expected to be accretive to gross margin.Lawrence E. Kurzius — Chairman, President & CEO, McCormick & Company

Cholula is a premium hot sauce brand delivering authentic Mexican flavor, acquired from private equity firm L Catterton. The brand is an iconic premium player outpacing category growth in the high-growth hot sauce category.

The acquisition of Cholula accelerates McCormick's growth opportunities within our condiment platform and broadens our portfolio in the hot sauce category with the addition of the Cholula brand. Hot sauce is an attractive, high-growth category and, as an iconic premium brand, Cholula is outpacing category growth.Lawrence E. Kurzius — Chairman, President & CEO, McCormick & Company

In the last 19 months, with the support, resources, and operational expertise of the L Catterton team, we established Cholula as a high-performing standalone business, vastly improved our commercial execution efforts, and pivoted our foodservice strategy to position Cholula for long-term growth and success.Maura Mottolese — Chief Executive Officer, Cholula

RB Foods is the food division of Reckitt Benckiser Group plc, home to iconic market-leading condiment brands including French's mustard, Frank's RedHot hot sauce and Cattlemen's barbecue sauce. Frank's RedHot is the #1 hot sauce brand in the U.S. and Canada. approximately $4.2 billion.

This acquisition strengthens our flavor leadership with the addition of iconic French's and Frank's RedHot brands to our portfolio. McCormick will advance from its current position of #10 to a leading position in the U.S. Condiments category.Lawrence E. Kurzius — Chairman, President & CEO, McCormick & Company

McCormick agreed to acquire all of the shares of Enrico Giotti SpA, a Florence-based Italian flavor manufacturer founded in 1928 that develops beverage, sweet, savory and dairy flavor applications along with natural flavors, aromatic herbal extracts and concentrated juices. Announced in late November 2016 and expected to close that December, the transaction was valued at roughly $127 million, or about 12 times EBITDA. McCormick viewed the addition as a way to strengthen its flavor-solutions capabilities and expand its presence in Europe. $123.8 million (net of cash acquired of $1.2 million).

On December 15, 2016, we purchased 100% of the shares of Enrico Giotti SpA (Giotti), a leading European flavor manufacturer located in Italy, for a purchase price of $123.8 million (net of cash acquired of $1.2 million). The acquisition was funded with cash and short-term borrowings.McCormick FY2018 10-K — business acquisitions note

McCormick acquired the Cajun Injector business, a brand of marinades and marinade injectors, for $4.4 million. The business has been included in McCormick's consumer segment since its acquisition.

Botanical Food Company, owner of the Gourmet Garden brand of packaged herbs, is a privately held company based in Australia. Gourmet Garden is a global market leader in packaged fresh herbs. $116.2 million, net of cash acquired of $3.3 million.

On April 19, 2016, we completed the purchase of 100% of the shares of Botanical Food Company, Pty Ltd, owner of the Gourmet Garden brand of packaged herbs (Gourmet Garden), a privately held company based in Australia. Gourmet Garden is a global market leader in packaged herbs.McCormick FY2018 10-K — business acquisitions note

One World Foods, owner of the Stubb's brand of barbecue products, is a privately held company located in Austin, Texas. Stubb's is the leading premium barbecue sauce brand in the U.S.; products include sauces, marinades, rubs and skillet sauces.

On August 20, 2015, we completed the purchase of 100% of the shares of One World Foods, Inc., owner of the Stubb's brand of barbeque products (Stubb's), a privately held company located in Austin, Texas. Stubb's is the leading premium barbeque sauce brand in the U.S. In addition to sauces, Stubb's products include marinades, rubs and skillet sauces. Its addition will expand the breadth of value-added products in our consumer segment. The purchase price for Stubb's was $99.4 million.McCormick FY2015 10-K — business acquisitions note

Drogheria & Alimentari is a privately held company based in Italy and a leader of the spice and seasoning category in Italy, supplying both branded and private label products to consumers. $49.0 million (cash, net of cash acquired of $2.8 million).

On May 29, 2015, we completed the purchase of 100% of the shares of Drogheria & Alimentari (D&A), a privately held company based in Italy, and a leader of the spice and seasoning category in Italy that supplies both branded and private label products to consumers. The purchase price for D&A consisted of a cash payment of $49.0 million, net of cash acquired of $2.8 million, at the time of acquisition.McCormick FY2015 10-K — business acquisitions note

Brand Aromatics is a privately held U.S. company that supplies natural savory flavors, marinades, and broth and stock concentrates to the packaged food industry.

On March 9, 2015, we acquired 100% of the shares of Brand Aromatics, a privately held company located in the U.S. Brand Aromatics is a supplier of natural savory flavors, marinades, and broth and stock concentrates to the packaged food industry. Its addition expands the breadth of value-added products in our industrial segment. The purchase price for Brand Aromatics was $62.4 million, net of post-closing adjustments.McCormick FY2015 10-K — business acquisitions note

WAPC is a privately held company based in China that manufactures and markets DaQiao and Chubang brand bouillon and condiment products. The acquisition expanded McCormick's branded presence in China.

On May 31, 2013, we completed the purchase of the assets of Wuhan Asia-Pacific Condiments Co. Ltd. (WAPC), a privately held company based in China, for $144.8 million, which included $142.3 million of cash paid, net of closing adjustments, and the assumption of $2.5 million of liabilities. The acquisition was financed with a combination of cash and debt.McCormick FY2015 10-K — business acquisitions note

Kamis S.A. was a privately held Polish company and a brand leader in spices, seasonings, mustards and other flavor products in Poland, with distribution into Russia and other parts of Central and Eastern Europe. Annual sales were approximately 300 million Polish zloty (about US$105 million). McCormick acquired 100% of the company's shares, extending its European portfolio eastward.

This acquisition is an excellent opportunity for McCormick to expand its portfolio of leading brands in Europe. Kamis is a brand leader in Poland where seasonings, mustard and other flavor products are in high demand.Alan Wilson — Chairman, President & CEO, McCormick & Company

Kitchen Basics, Inc. was a U.S.-based brand of ready-to-use stocks and broths. In fiscal 2011 McCormick purchased the assets of the business, adding it to its Americas consumer portfolio; the acquisition contributed roughly 1.1 percentage points to Americas consumer sales growth that year.

The Lawry's business, acquired from Unilever, manufactures and sells a variety of marinades and seasoning blends under the well-known Lawry's and Adolph's brands. Annual sales were approximately $150 million, primarily in the U.S. and Canada. $604 million (announced at $605 million).

McCormick & Company, Incorporated today announced that it has signed a definitive agreement with Unilever to purchase the assets of Lawry's for $605 million in cash.McCormick & Company press release — November 14, 2007

Founded in 1958, Billy Bee Honey Products Ltd. was Canada's largest honey business and the country's leading honey brand, holding about a 60% share of branded retail honey sales. It also sold Doyon-brand products popular in Quebec, supplied roughly half of Canada's private-label retail honey and about half of the honey used as an ingredient by Canadian food manufacturers, and had expanded into honey-based mustards, sauces and salad dressings. Annual sales were approximately $37 million across branded, private-label and industrial products. McCormick purchased 100% of the company's shares.

Consumers in Canada know Billy Bee and Doyon as trusted brands of pure, natural honey. Honey is a unique flavor and a healthy way to add sweetness to many foods and beverages. This is a terrific complement to our savory products in Canada and a great extension of the sweet products we currently market in Europe and the Asia/Pacific region.Alan D. Wilson — President & CEO, McCormick & Company

Founded in 1989, Epicurean International developed, imported and marketed authentic, easy-to-prepare Asian foods under the Thai Kitchen and Simply Asia brands, including noodle and soup bowls, meal kits, coconut milk, and various sauces and pastes. Thai Kitchen was the leading brand in the Thai food category, and Simply Asia broadened the range beyond Thai cuisine to more than 100 items sold through grocery, natural food, mass, drug and warehouse-club channels. Annual sales of the business were about $50 million. McCormick agreed to purchase the assets of the company.

A key avenue for growth at McCormick is the acquisition of leading value-added brands in high growth categories. We seek acquisitions that complement our established leadership in the development and marketing of flavors for food, with particular interest in specialty and ethnic food businesses.Robert J. Lawless — Chairman, President & CEO, McCormick & Company

Ducros, S.A. was a France-based manufacturer and marketer of consumer spices, herbs and dessert-aid products sold across France and other European markets, and at the time one of Europe's largest spice suppliers. The deal also included Sodis, S.A.S., which handled the racking, merchandising and warehousing of Ducros products for supermarkets and hypermarkets. On August 31, 2000, McCormick's subsidiary McCormick France, S.A.S. acquired 100% of the share capital of both companies from Eridania Beghin-Say, S.A.