M&A Deal Summary

McCormick Acquires Wuhan Asia-Pacific Condiments Co.

On May 31, 2013, McCormick acquired food company Wuhan Asia-Pacific Condiments Co. for 147M USD

Acquisition Highlights
  • This is McCormick’s 9th transaction in the Food sector.
  • This is McCormick’s 6th largest (disclosed) transaction.
  • This is McCormick’s 1st transaction in China.

M&A Deal Summary

Date 2013-05-31
Target Wuhan Asia-Pacific Condiments Co.
Sector Food
Buyer(s) McCormick
Deal Type Add-on Acquisition
Deal Value 147M USD

Target

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.

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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 9 of 17
Sector: Food M&A 9 of 17
Type: Add-on Acquisition M&A Deals 5 of 12
Country: China M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-12 Kohinoor Foods

Surajkund, India

Kohinoor Foods Ltd. is one of the leading manufacturers and marketers of Basmati rice, which is a premium and naturally flavored long-grained rice used in authentic Indian cuisine. The Kohinoor brand is one of the top national brands in the basmati rice category in India and also has a significant international presence in countries such as the U.S., the U.K., Dubai, Canada, Japan, Australia, Singapore and several European countries.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-20 Drogheria E Alimentari

Firenze, Italy

Drogheria E Alimentari SPA is a food manufacturer specialties in spices and colonial products.

Buy €85M