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.
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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.
