MCCORMICK & CO INC acquires Wuhan Asia-Pacific Condiments Co. Ltd. (WAPC)
Snapshot
MCCORMICK & CO INC acquired Wuhan Asia-Pacific Condiments Co. Ltd. (WAPC) for $144.8 million in May 2013. The transaction was structured as combination (cash and debt). Wuhan Asia-Pacific Condiments Co. Ltd. (WAPC) is a China-based Consumer / Flavor Solutions - China condiments business.
- Acquirer
- MCCORMICK & CO INC
- Target
- Wuhan Asia-Pacific Condiments Co. Ltd. (WAPC)
- Value
- $144.8 million
- Date
- May 2013
- Type
- asset purchase
- Status
- ready
The deal at a glance
About this deal
MCCORMICK & CO INC acquired Wuhan Asia-Pacific Condiments Co. Ltd. (WAPC) for $144.8 million, a transaction completed in May 2013, structured as combination (cash and debt). The deal was a asset purchase.
Wuhan Asia-Pacific Condiments Co. Ltd. (WAPC) operates in Consumer / Flavor Solutions - China condiments, is based in China. WAPC is a privately held company based in China that manufactures and markets DaQiao and Chubang brand bouillon and condiment products. The acquisition expanded McCormick's branded presence in China.
Expanded branded condiment presence in the high-growth China market. McCormick China operations
No advisory firms have been disclosed for this transaction.