McCormick - M&A Summary and Business Overview

FoodCompany

McCormick M&A Summary

McCormick has acquired 16 companies, including 2 in the last 5 years. A total of 4 acquisitions came from private equity firms.

McCormick’s largest acquisition to date was in 2017, when it acquired RB Food for $4.2B. McCormick has acquired in 5 different US states, and 10 countries. The Company’s most targeted sectors include food (100%).

McCormick Business Overview

Where is McCormick headquartered?

McCormick is headquartered in Hunt Valley, Maryland.

What is McCormick’s revenue?

McCormick disclosed revenue of 6,662M USD for 2023 and 6,351M USD for 2022.

How many employees does McCormick have?

McCormick has 13,800 employees.

What sector is McCormick in?

McCormick is a food company.

When was McCormick founded?

McCormick was founded in 1889.

M&A Summary

M&A Total Activity16
- M&A Buy Activity16
Total Sectors Invested 1
Total Countries Invested 10
M&A Buy/Sell Connections 6
M&A Advisors 4

McCormick

McCormick & Co., Inc.

24 Schilling Road Suite 1,
Hunt Valley, Maryland 21031
United States,
(410) 771-7301
www.mccormickcorporation.com

McCormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry retail outlets, food manufacturers and food services businesses in more than 125 countries and territories. McCormick was founded in 1889 and is based in Hunt Valley, Maryland.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.4/yr)	#	14	2	-	-	-	-	16
Buy (0.4/yr)	vol	$5.5B	$1.5B					$7.0B
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								16

Most Recent M&A

Company	Date	Value	Type
FONA International, Inc.	2020-12-30	710M USD	Add-on Acquisition
Geneva, Illinois · www.fona.com
Cholula Hot Sauce	2020-11-24	800M USD	Add-on Acquisition
Jalisco, Mexico · www.cholula.com
RB Food	2017-07-18	4.2B USD	Divestiture
Chester, New Jersey
Enrico Giotti SpA	2016-11-29	127M USD	Add-on Acquisition
, Italy
Botanical Food Co. Pty. Ltd. (Gourmet Garden)	2016-04-19	114M USD	Add-on Acquisition
Queensland, Australia · www.gourmetgarden.com
One World Foods, Inc. (dba Stubb's Legendary Kitchen)	2015-08-20	100M USD	Add-on Acquisition
Austin, Texas · www.stubbsbbq.com
Brand Aromatics, Inc.	2015-03-09	63M USD	Add-on Acquisition
Lakewood, New Jersey · www.brandaromatics.com
Drogheria E Alimentari SPA	2015-02-20	96M EUR	Add-on Acquisition
Firenze, Italy · www.drogheria.com
Wuhan Asia-Pacific Condiments Co., Ltd.	2013-05-31	147M USD	Add-on Acquisition
, China
Kohinoor Foods Ltd.	2011-09-12	-	Joint Venture
Surajkund, India · www.kohinoorfoods.in
View All >>

Business Unit M&A

Company	Acquired	Add-On/Sale	Date	#
McCormick (UK) Ltd.	-	Uniq - Uniqsauces Business	2003-01-09	1
Haddenham, United Kingdom · www.mccormickflavoursolutions.co.uk		, United Kingdom

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Food		16 (100%)	7.0B (100%)	-	-
Total		16	$7.0B	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		6	5.3B	-	-
	New Jersey	2	4.3B	-	-
	Texas	1	100M	-	-
	Louisiana	1	180M	-	-
	Illinois	1	710M	-	-
	California	1	-	-	-
Italy		2	223M	-	-
Australia		1	114M	-	-
Canada		1	-	-	-
	Ontario	1	-	-	-
China		1	147M	-	-
France		1	379M	-	-
India		1	-	-	-
Mexico		1	800M	-	-
Netherlands		1	65M	-	-
Poland		1	-	-	-
Domestic		6 (38%)	5.3B (75%)	-	-
Cross-border		10 (63%)	1.7B (25%)	-	-
Total		16	$7.0B	-	-

Top M&A Advisors

Financial	Deals
Morgan Stanley	1
Credit Suisse Investment Banking	1

Legal	Deals
Davis Polk & Wardwell	1
Cleary Gottlieb Steen & Hamilton	1

Deal Values

buy	#	Total
> $1B	1	$4.2B
$100M to $1B	7	$2.5B
< $100M	4	$324M
TOTAL		$7.0B
Largest	RB Food $4.2B (2017-07-18)

M&A Connections

		Deals
Acquired from
Investor(s)	25%	4 (25%)
Strategic(s)	13%	2 (13%)

Company Summary

SECTOR

Food

Revenue

6,662 5%	2023
6,351 1%	2022
6,318 13%	2021
5,601 5%	2020
5,347 2%	2019
5,409 12%	2018
4,834 10%	2017
4,412 3%	2016
4,296 2%	2015
4,243 3%	2014
4,123 3%	2013
4,014	2012
(millions of USD)	Show More Show Less

Employees

13,800

Established

1889

Public

NYSE: MKC

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McCormick - M&A Summary and Business Overview

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