MCCORMICK & CO INC acquired Stubb's (One World Foods, Inc.) for $99.4 million, a transaction completed in August 2015, structured as all cash.
Stubb's (One World Foods, Inc.) operates in Consumer - Barbecue sauces & marinades, is based in United States (Austin, Texas). 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.
Its addition expands the breadth of value-added products in McCormick's consumer segment.
Leading premium U.S. barbecue-sauce brand expanding value-added products in McCormick's consumer segment. McCormick Consumer segment
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
Advisory firms were not disclosed for this transaction.