McCormick & Co.

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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.

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Dean Best | 21 Jul 2017

McCormick & Co. this week emerged as the buyer of Reckitt Benckiser's food assets, which include French's mustard and Frank's RedHot sauce. The brands look a good fit with McCormick's own basket of sauces and spices but the US group has paid what appears to be a rich multiple for the assets and its shares cooled on Wednesday when the deal was announced. Can McCormick extract value? Dean Best reports.

John Shepherd | 5 Apr 2017

Reckitt Benckiser, the UK consumer goods group behind brands including Durex condoms and Flash bleach (and, soon, Enfamil infant formula) looks set to sell off its food division. The company this week announced it would hold a "strategic review" on the "non-core" unit, which contains brands including French's mustard and Frank's Red Hot sauce. If RB parts company with the unit, a move analysts regard as a consequence of the group's focus on "consumer health", which companies may be interested in its condiments? John Shepherd looks at which suitors could be keen as mustard - and why.

Dean Best | 20 Apr 2016

Just a week after dropping its interest in Premier Foods, McCormick & Co. announced the acquisition of Australian chilled herbs firm Botanical Food Co. When the US herbs and spices giant's interest in Premier emerged, McCormick said it had a "pipeline" of targets and industry watchers expect the company to continue to look to M&A for growth.

Dean Best | 14 Apr 2016

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.

Latest Interviews

Jessica Mudditt | 6 Jun 2016

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.

Dean Best | 28 Jun 2013

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.

Latest News

Dean Best | 18 Oct 2017

McCormick & Co. has stepped up its presence in France’s organic category.

Andy Coyne | 14 Sep 2017

Niche ice cream firm My/Mo Mochi has appointed former McCormick & Co and  Fuji Food Products executive Craig Berger as chief executive officer.

Dean Best | 19 Jul 2017

McCormick & Co. has struck a deal to buy Reckitt Benckiser's food division in a transaction valuing the French's and Frank's RedHot sauces business at US$4.2bn.

Dean Best | 29 Jun 2017

McCormick & Co. today (29 June) revised its forecasts for annual operating income and earnings per share as the US spices and sauces group takes on the cost of implementing a programme designed to help it become a bigger business.

John Shepherd | 9 Jun 2017

US spices and sauces maker McCormick & Co. has confirmed plans to launch "global" products in India by the end of the year.

Dean Best | 25 Apr 2017

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.

John Shepherd | 12 Apr 2017

US spices and sauces maker McCormick & Co. has unveiled plans to enter the breakfast category later this year.

John Shepherd | 6 Apr 2017

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.

John Shepherd | 28 Mar 2017

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.

Dean Best | 25 Jan 2017

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".

Katy Askew | 20 Jan 2017

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". 

Katy Askew | 1 Dec 2016

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. 

John Shepherd | 29 Nov 2016

US spices and seasonings group McCormick & Co. said today (29 November) it is to acquire Italian flavours business Enrico Giotti.

Dean Best | 6 Oct 2016

McCormick & Co.'s dispute over a rice venture in India has moved to arbitration proceedings in the UK.

Dean Best | 30 Sep 2016

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.

Katy Askew | 30 Jun 2016

US spice maker McCormick & Co. booked higher first-half profits today (30 June) on the back of improved gross margins and higher sales. 

Hannah Abdulla | 19 Apr 2016

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.

Katy Askew | 13 Apr 2016

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.

Dean Best | 6 Apr 2016

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.

Dean Best | 6 Apr 2016

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.

Katy Askew | 30 Mar 2016

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. 

Dean Best | 30 Mar 2016

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.

Latest blogs

Dean Best | 30 Mar 2016

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.

Dean Best | 23 Mar 2016

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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