MCCORMICK & CO INC acquires Enrico Giotti SpA (Giotti)
Snapshot
MCCORMICK & CO INC acquired Enrico Giotti SpA (Giotti) for $123.8 million (net of cash acquired of $1.2 million) in December 2016. The transaction was structured as all cash. Enrico Giotti SpA (Giotti) is a Italy-based Flavor Solutions - Flavors (Europe) business.
- Acquirer
- MCCORMICK & CO INC
- Target
- Enrico Giotti SpA (Giotti)
- Value
- $123.8 million (net of cash acquired of $1.2 million)
- Date
- December 2016
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
MCCORMICK & CO INC acquired Enrico Giotti SpA (Giotti) for $123.8 million (net of cash acquired of $1.2 million), a transaction completed in December 2016, structured as all cash.
Enrico Giotti SpA (Giotti) operates in Flavor Solutions - Flavors (Europe), is based in Italy. Enrico Giotti SpA is a leading European flavor manufacturer located in Italy.
Leading European flavor manufacturer strengthening McCormick's Flavor Solutions footprint in Europe. McCormick Flavor Solutions segment (EMEA)
No advisory firms have been disclosed for this transaction.