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M&A Deal Summary

McCormick Acquires FONA International

On December 30, 2020, McCormick acquired food company FONA International for 710M USD

Acquisition Highlights
  • This is McCormick’s 17th transaction in the Food sector.
  • This is McCormick’s 3rd largest (disclosed) transaction.
  • This is McCormick’s 6th transaction in the United States.
  • This is McCormick’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-12-30
Target FONA International
Sector Food
Buyer(s) McCormick
Deal Type Add-on Acquisition
Deal Value 710M USD
Advisor(s) Houlihan Lokey (Financial)
Vedder Price (Legal)

Target

FONA International

Geneva, Illinois, United States
FONA International, Inc. is a manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage, and nutritional markets.

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Buyer(S) 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 STATS #
Overall 17 of 17
Sector: Food M&A 17 of 17
Type: Add-on Acquisition M&A Deals 12 of 12
State: Illinois M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2020 M&A 2 of 2
Size (of disclosed) 3 of 13
PREVIOUS 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
Mergr

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