MCCORMICK & CO INC acquires McCormick de Mexico (additional 25% interest)
Snapshot
MCCORMICK & CO INC acquired McCormick de Mexico (additional 25% interest) for $750 million in January 2026. The transaction was structured as all cash. McCormick de Mexico (additional 25% interest) is a Mexico-based Consumer - Mexico (mayonnaise, condiments) business.
- Acquirer
- MCCORMICK & CO INC
- Target
- McCormick de Mexico (additional 25% interest)
- Value
- $750 million
- Date
- January 2026
- Type
- controlling-interest acquisition
- Status
- ready
The deal at a glance
About this deal
MCCORMICK & CO INC acquired McCormick de Mexico (additional 25% interest) for $750 million, a transaction completed in January 2026, structured as all cash.
McCormick de Mexico (additional 25% interest) operates in Consumer - Mexico (mayonnaise, condiments), is based in Mexico. 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.
Majority control of a high-growth Mexican consumer condiments and mayonnaise business; expected to be meaningfully accretive to 2026 net sales and operating income. Expected 11%-13% net sales increase in 2026 from consolidation; accretion to adjusted operating income. McCormick Consumer segment (consolidated)
No advisory firms have been disclosed for this transaction.