Add-on Acquisition • Food

McCormick Acquires Drogheria E Alimentari

On February 20, 2015, McCormick acquired food company Drogheria E Alimentari from Alto Partners SGR for 85M EUR

Acquisition Context
  • This is McCormick’s 10th transaction in the Food sector.
  • This is McCormick’s 10th largest (disclosed) transaction.
  • This is McCormick’s 1st transaction in Italy.

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M&A Deal Summary

Date February 20, 2015
Target Drogheria E Alimentari
Sector Food
Buyer(s) McCormick
Sellers(s) Alto Partners SGR
Deal Type Add-on Acquisition
Deal Value 85M EUR

Target Company

Drogheria E Alimentari

Firenze, Italy
Drogheria E Alimentari SPA is a food manufacturer specialties in spices and colonial products.
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Buyer Overview 1

Buyer

McCormick

Hunt Valley, Maryland, United States

Category Company
Founded 1889
Sector Food
Employees14,100
Revenue 6.7B USD (2024)
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 Context for Buyer #
Overall 10 of 17
Sector: Food 10 of 17
Type: Add-on Acquisition 6 of 12
Country: Italy 1 of 2
Year: 2015 1 of 3
Size (of disclosed) 10 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-05-31 Wuhan Asia-Pacific Condiments Co.

China

Wuhan Asia-Pacific Condiments Co., Ltd. is a manufactures and markets the well-known DaQiao and ChuShiLe brand bouillon products.

Buy $147M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 Brand Aromatics

Lakewood, New Jersey, United States

Brand Aromatics, Inc. is a provider of natural savory flavors, marinades, and broth and stock concentrates to the packaged food industry.

Buy $63M

Seller Profile 1

SELLER

Alto Partners SGR

Milan, Italy

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Alto Partners SGR is a private investment firm focused on acquiring and investing in Italian companies. Alto Partners was established in 2004 and is headquartered in Milan.


Deal Context for Seller #
Overall 7 of 19
Sector: Food 2 of 6
Type: Add-on Acquisition 3 of 10
Country: Italy 7 of 19
Year: 2015 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-29 Integra Document Management

Milan, Italy

Integra Document Management is one of the Ita­lian lea­ders in the sup­ply of (i) records mana­ge­ment and sto­rage, prin­ted data ware­house mana­ge­ment; (ii) scan­ning and ima­ging, data entry, OCR and vali­da­tion; (iii) web docu­ment mana­ge­ment and work­flow mana­ge­ment, digi­tal cer­ti­fied con­ser­va­tion. Integra Document Management was founded in 2000 and is based in Milan, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Moro Pasta

Prata Camportaccio, Italy

Formed in 1868, Pastificio di Chiavenna S.r.l. (dba Moro Pasta) is a food company focused on providing pasta and polenta based in Prata Camportaccio, Italy.

Buy -

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