The US spice-maker McCormick & Co. has completed the purchase of Lawry’s from Unilever for US$604m in cash.
“Lawry’s has a strong heritage in delivering distinctive full flavours to a variety of food. This is a well-known brand among consumers and an excellent addition to our portfolio of leading brands,” Alan Wilson, McCormick president and CEO, said.
The acquisition includes the rights to the Lawry’s and Adolph’s brands as well as related inventory and a small number of dedicated production lines. It does not include any manufacturing facilities or employees.
In order to gain regulatory approval for the deal, McCormick sold its Season-All business to Morton International’s Salt Group for $15m in cash.