MCCORMICK & CO INC acquired Gourmet Garden (Botanical Food Company, Pty Ltd) for $116.2 million, net of cash acquired of $3.3 million, a transaction completed in April 2016, structured as all cash.
Gourmet Garden (Botanical Food Company, Pty Ltd) operates in Consumer - Packaged fresh herbs, is based in Australia. 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.
Its products complement McCormick's existing branded herb portfolio with the addition of chilled convenient herbs sold in the perimeter of the grocery store.
Global market leadership in packaged fresh herbs; adds a differentiated chilled-herb platform to McCormick's consumer portfolio. McCormick Consumer segment
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
Advisory firms were not disclosed for this transaction.