M&A Deal Summary

McCormick Acquires RB Food

On July 18, 2017, McCormick acquired food company RB Food from Reckitt Benckiser Group for 4.2B USD

Acquisition Highlights
  • This is McCormick’s 14th transaction in the Food sector.
  • This is McCormick’s largest (disclosed) transaction.
  • This is McCormick’s 5th transaction in the United States.
  • This is McCormick’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2017-07-18
Target RB Food
Sector Food
Buyer(s) McCormick
Sellers(s) Reckitt Benckiser Group
Deal Type Divestiture
Deal Value 4.2B USD

Target

RB Food

Chester, New Jersey, United States
RB Food is a provider of portfolio of iconic brands including French's, Frank's RedHot and Cattlemen's. Tiger's Milk, a nutrition bar brand, will also be sold as part of the transaction and has been included in RB Food.

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Buyer(S) 1

Buyer

McCormick

Hunt Valley, Maryland, United States

website

Category Company
Founded 1889
Sector Food
Employees14,000
Revenue 6.4B USD (2022)
DESCRIPTION

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.

DEAL STATS #
Overall 14 of 16
Sector (Food) 14 of 16
Type (Divestiture) 2 of 2
State (New Jersey) 2 of 2
Country (United States) 5 of 6
Year (2017) 1 of 1
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Enrico Giotti

Italy

Enrico Giotti SpA is a manufacturer of natural flavors, aromatic herbal extracts, and concentrated juices.

Buy $127M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Cholula Hot Sauce

Jalisco, Mexico

Cholula Hot Sauce is a producer and distributor of hot sauce. Cholula's hot sauce is created from a generations-old recipe featuring carefully-selected arbol and piquin peppers and a secret blend of signature spices. Cholula Hot Sauce is manufactured with care in Jalisco, Mexico.

Buy $800M

Seller(S) 1

SELLER

Reckitt Benckiser Group

Slough, United Kingdom

website

Category Company
Founded 1819
Sector Consumer Products
Employees43,500
Revenue 14.0B GBP (2020)
DESCRIPTION

Reckitt Benckiser Group is a global consumer health and hygiene company. RB has operations in over 60 countries and its health, hygiene and home portfolio is led by global brands that include Nurofen, Strepsils Gaviscon, Mucinex, Durex, Scholl, Clearasil, Lysol, Dettol, Veet, Harpic, Cillit Bang, Mortein, Finish, Vanish, Calgon, Air Wick, Woolite and French’s. Reckitt Benckiser was founded in 1819 and is based in Slough, United Kingdom.

DEAL STATS #
Overall 4 of 6
Sector (Food) 1 of 1
Type (Divestiture) 2 of 4
State (New Jersey) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-10 Mead Johnson Nutrition

Glenview, Illinois, United States

Mead Johnson Nutrition Co. developes nutritional offerings for infants and children. The Company was formed in 1905 and was spun-off from Bristol-Myers Squibb in 2009. Mead Johnson is based in Glenview, Illinois.

Buy $17.9B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-02 Your.MD

London, United Kingdom

Your.MD Ltd. is the world’s smartest AI health information service, offering everyone free access to the health information they need. Your.MD empowers people to discover what’s wrong with them thanks to the world’s first AI system designed to understand individual situations and personal factors, receive medically certified guidance (in partnership with the UK’s NHS), and discover the best available next step options via OneStop Health

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