MCCORMICK & CO INC acquires Drogheria & Alimentari (D&A)
Snapshot
MCCORMICK & CO INC acquired Drogheria & Alimentari (D&A) for $49.0 million (cash, net of cash acquired of $2.8 million) in May 2015. The transaction was structured as all cash. Drogheria & Alimentari (D&A) is a Italy-based Consumer - Spices & seasonings (Italy) business.
- Acquirer
- MCCORMICK & CO INC
- Target
- Drogheria & Alimentari (D&A)
- Value
- $49.0 million (cash, net of cash acquired of $2.8 million)
- Date
- May 2015
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
MCCORMICK & CO INC acquired Drogheria & Alimentari (D&A) for $49.0 million (cash, net of cash acquired of $2.8 million), a transaction completed in May 2015, structured as all cash.
Drogheria & Alimentari (D&A) operates in Consumer - Spices & seasonings (Italy), is based in Italy. 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.
Market leadership in the Italian spice and seasoning category; expands McCormick's European consumer business. McCormick EMEA / Consumer segment
No advisory firms have been disclosed for this transaction.