{"id":877769,"date":"2025-08-21T06:33:29","date_gmt":"2025-08-21T10:33:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mccormick-advances-flavor-leadership-in-mexico\/"},"modified":"2025-08-21T06:33:29","modified_gmt":"2025-08-21T10:33:29","slug":"mccormick-advances-flavor-leadership-in-mexico","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mccormick-advances-flavor-leadership-in-mexico\/","title":{"rendered":"McCormick Advances Flavor Leadership in Mexico"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n Signs Agreement to Acquire Controlling Interest in McCormick de Mexico<\/span>
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\n Expands Presence in Condiment and Sauces in Emerging Markets
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\n Expects Net Sales, Adjusted Operating Margin, and Adjusted EPS Accretion in the First Year<\/i>
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\n HUNT VALLEY, Md.<\/span>
\n <\/span>, Aug. 21, 2025<\/span><\/span> \/PRNewswire\/ — McCormick & Company Inc. (NYSE: MKC) (the “Company”), a global leader in flavor, today announced that it has signed a definitive agreement, subject to customary closing and regulatory conditions, with Grupo Herdez<\/span> to acquire an additional 25% ownership interest in McCormick de Mexico<\/span>, a joint venture formed in 1947, for $750 million<\/span>. The acquisition will increase McCormick’s ownership to 75%, creating opportunities for further growth in the Mexican market. Additionally, the transaction provides a strategic platform for further expansion in Latin America<\/span>. McCormick de Mexico<\/span> is a prominent food company in Mexico<\/span>, with a broad portfolio, including mayonnaise, spices, marmalades, mustard, hot sauce, and tea, sold under McCormick brands.<\/p>\n

“This marks the beginning of an exciting new chapter for McCormick in Mexico<\/span>. With this expanded ownership, we will advance our global flavor leadership and increase our presence in condiments and sauces,” said Brendan M. Foley<\/span>, Chairman, President, and Chief Executive Officer. “The McCormick brand has been a household staple in Mexico<\/span> for 78 years, with market leadership in high-growth categories, most notably in mayonnaise. In addition, the brand commands strong loyalty among Mexican consumers and\u00a0foodservice operators. The strength of the brand and its remarkable track record combined with our differentiated global flavor expertise and capabilities will enable us to drive further growth in Mexico<\/span>, an attractive and high growth market.”<\/p>\n

Mr. Foley continued, “We have had a long and successful partnership with Grupo Herdez<\/span>, and we look forward to continuing our collaboration. With the expanded ownership of McCormick de Mexico<\/span>, we plan to build upon their strong results by leveraging our combined expertise in category management, insight-driven innovation as well as best-in-class marketing to expand in adjacent categories and increase channel penetration. Additionally, this transaction creates a strategic platform for scaling our operations and distribution across Latin America<\/span>, consistent with the strategic plans we laid out at Investor Day.”<\/p>\n

“We are proud of the nearly 80 years of productive partnership we have built with McCormick, and this transaction marks an exciting evolution of our relationship,” said H\u00e9ctor Hern\u00e1ndez-Pons Torres, Chairman and Chief Executive Officer of Grupo Herdez<\/span>. “This milestone will enable the McCormick brand, with its rich heritage and diverse flavor portfolio, to reach even more consumers across Latin America<\/span>. With McCormick’s extensive expertise in herbs and spices, condiments and sauces and global flavor leadership, we are excited to capitalize on new opportunities and achieve even greater success together.” \u00a0<\/p>\n

McCormick de Mexico’s<\/span> annual net sales are approximately $810 million<\/span>1<\/sup> and are expected to grow in the mid-single digits range. McCormick de Mexico’s<\/span> product portfolio consists primarily of Mayonnaise, one of its flagship products. McCormick Mayonesa con Jugo de Limones<\/span><\/i> is the most widely recognized brand, distinguished by its creamy texture with the extra zing of lime, and unique flavor profile loved by Mexican consumers. In addition, the portfolio includes other beloved products sold under the McCormick brand. The strength of the brand combined with McCormick’s global capabilities creates additional growth opportunities through category expansion, increased household penetration, and channel expansion in Mexico<\/span> and across Latin America<\/span>.<\/p>\n

\n 1<\/sup>Net Sales exclude McCormick de Mexico’s<\/span> export sales.<\/p>\n

\n McCormick Anticipates the Expanded Ownership in McCormick de Mexico Will Drive Long-Term Shareholder Value<\/b>\n <\/p>\n