McCormick & Co.
McCormick & Co. is an international packaged foods producer and food ingredients supplier. Founded by Willoughby M. McCormick in 1889, McCormick & Co. is a public company, listed on the New York Stock Exchange as MKC. The head office for McCormick & Co. is located in Sparks, Maryland, USA.
Reckitt Benckiser, the UK consumer goods group behind brands including Durex condoms and Flash bleach (and, soon, Enfamil infant formula) lo...
Just a week after dropping its interest in Premier Foods, McCormick & Co. announced the acquisition of Australian chilled herbs firm Botanic...
Three weeks after Premier Foods revealed McCormick & Co.'s interest in buying the UK group, its US suitor has, after seeing three proposed offers turned down, decided to walk away from the table. Premier insists it has a "strong future" as an independent company. Dean Best reflects on a tumultuous 21 days and considers what lies ahead for the Mr Kipling maker.
Here just-food presents rolling coverage and analysis of the takeover interest in Premier Foods from McCormick & Co. Premier rebuffed three proposals from the US spices and seasonings group, while Japan's Nissin Foods Holdings, which outlined a "co-operation agreement" with the UK group in areas such as innovation and distribution, built a stake in the Mr Kipling maker. McCormick has decided against pursuing its interest in the UK group.
Two significant announcements this week - from dairy giant Fonterra and from infant formula group Mead Johnson - further underlined how the impact of China's recent economic slowdown is affecting companies in our sector.
With foodservice sales increasing their share of total food expenditure in the US, just-food's latest management briefing examines how manufacturers can cash in on this expanding channel. In order to secure supply deals at appropriate price points, packaged food manufacturers must demonstrate the value of their brands. Providing relevant, innovative products is key. An understanding of menu trends is a prerequisite for this, staying in tune with ever-evolving consumption patterns is a must. Here is just-food’s pick of the hot menu trends shaping US foodservice today.
With tourism supporting growing demand for branded foods in Myanmar, the growing market offers international food makers a growth opportunity. However, the country - which has infrastructure and regulatory challenges - can also be difficult to navigate. just-food spoke to industry experts on the ground to find out more.
UK herbs and spices business The Bart Ingredients Company has gone through something of an overhaul since ex-Kerry Group and Glisten executive David Collard took the helm two years ago. Dean Best met with Collard to discuss the relaunch of the Bart brand and the broadening of its portfolio amid what he called the most competitive trading conditions in 20 years.
McCormick & Co. is to become the sole owner in its Indian joint venture Kohinoor Speciality Foods India after settling a dispute with its partner in the business, the local food group Kohinoor Foods Ltd.
US spices and sauces maker McCormick & Co. has unveiled plans to enter the breakfast category later this year.
US spices and sauces maker McCormick & Co, has declined to say whether it could be in the market to acquire the food arm of UK consumer goods group Reckitt Benckiser.
McCormick & Co. today (28 March) booked higher first-quarter sales and profits but cut its forecast for annual earnings per share, with the US spice and sauces maker increasing the level of "special charges" it expects to book this year.
McCormick & Co. today (25 January) reported a set of "record" annual results, a year in which the US spice and sauces maker said it hit "each of our key financial targets".
Spice maker McCormick & Co. is rolling out a raft of new products in the US that, the company said, are inspired by "flavours from around the world".
US spice group McCormick & Co. has revealed executive chairman Alan Wilson will stand down at the end of January, when CEO Lawrence Kurzius will step in to chair the board.
US spices and seasonings group McCormick & Co. said today (29 November) it is to acquire Italian flavours business Enrico Giotti.
McCormick & Co.'s dispute over a rice venture in India has moved to arbitration proceedings in the UK.
McCormick & Co., the US spices and seasonings group, today (30 September) raised its forecast for its annual earnings after a "strong" third quarter, with sales up on both sides of the business.
US spice maker McCormick & Co. booked higher first-half profits today (30 June) on the back of improved gross margins and higher sales.
US spice and condiments maker McCormick & Co. has acquired Australian chilled herb manufacturer Botanical Food Co., the owner of the Gourmet Garden brand, in a A$150m (US$114m) deal.
McCormick & Co. has dropped plans to make a takeover bid for Premier Foods plc, insisting the price the UK group's board wants is too high.
Premier Foods today (6 April) revealed it has had "constructive discussions" with McCormick & Co., the US herbs and spices maker that has expressed interest in buying the UK group.
McCormick & Co. is to roll out over a dozen new products in the US in a bid to target consumer demand for convenient products, as well as for herbs, spices and sauces with more flavour.
US spice maker McCormick & Co. has returned with a higher proposed offer for Premier Foods, on the condition the Mr Kipling maker opens its books.
Premier Foods has turned down the latest proposed takeover offer from McCormick & Co. - but the UK group said it was prepared to meet and provide its US suitor with some due diligence.
Nissin Foods Holdings, the Japanese noodle maker, has increased its stake in Premier Foods, the UK group that is a takeover target of US spices giant McCormick & Co.
McCormick & Co., the US company behind brands including Lawry's, Schwartz and Ducros, today (29 March) posted higher first-quarter sales and earnings - and lifted its forecasts for annual net sales, operating income and earnings per share.
Lawrence Kurzius, the president and CEO of McCormick & Co., today (29 March) insisted the portfolio of takeover target Premier Foods has brands that are "very complementary" to the US spices and seasonings group's own range.
McCormick & Co. said today (24 March) it would consider making a higher offer for Premier Foods, the UK group that has so far rebuffed two takeover approaches, should the US spices and sauces owner be allowed to undertake some due diligence on the Bisto gravy maker.
Premier Foods today (24 March) insisted its board would assess "improved proposals" to buy the Bisto gravy maker after rebuffing two approaches from McCormick & Co., the US spices and sauces maker, in the last month.
The conference calls companies hold with equity analysts can, on occasion, be relatively tame affairs, with businesses sometimes not pushed on issues and us in the media - allowed to listen only - sitting on the phone and wanting executives to be pressed on their initial answers. Yesterday (29 March), some stiff questions were put to McCormick & Co.'s management over its interest in Premier Foods.
The takeover interest in Premier Foods was a hot topic of conversation among delegates at the Consumer Analyst Group Europe conference today (23 March) - not least because the UK group pulled out of presenting at the event this afternoon.
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