McCormick & Company, Incorporated
McCormick Completes Acquisition of Controlling Interest in McCormick de Mexico
Summary
On January 2, 2026, McCormick & Company, Inc. (NYSE: MKC) completed the acquisition of an additional 25% ownership interest in McCormick de Mexico S.A. de C.V. from Grupo Herdez, increasing its stake to 75% for $750 million. The transaction is expected to be accretive to McCormick's net sales, adjusted operating margin, and adjusted earnings per share in 2026, with minimal impact on its Net Debt to Adjusted EBITDA ratio. The acquisition strengthens McCormick's global flavor leadership and creates opportunities for growth in the Mexican market and Latin America.
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About McCormick & Company, Incorporated
McCormick & Company, Incorporated, stands as a leading entity in the global food and beverage sector, primarily engaged in the manufacture, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products. Renowned for its vast array of high-quality culinary solutions, McCormick plays a critical role in enhancing dining experiences across the world. It serves a broad market that includes both consumer products and industrial customers, encompassing home cooks, chefs, food manufacturers, and foodservice businesses. McCormick's portfolio boasts impressive diversity, with popular brands such as McCormick Spices, Lawry's, and Frank's RedHot, catering to a wide range of taste preferences and cultural cuisines. In addition to its branded products, McCormick provides customized flavor solutions tailored to specific industry needs, underscoring its innovative spirit and adaptability. Based in Hunt Valley, Maryland, McCormick maintains a global presence, entrenched in sustainability initiatives and committed to quality and flavor leadership. Its impact on the market is substantial, as it continues to influence flavor trends, promote clean and sustainable ingredients, and adapt to evolving consumer demands, thus solidifying its role in the dynamic landscape of food ingredients.
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