M&A Deal Summary

McCormick Acquires Zatarain s Brands

On May 8, 2003, McCormick acquired food company Zatarain s Brands from Court Square Capital Partners for 180M USD

Acquisition Highlights
  • This is McCormick’s 2nd transaction in the Food sector.
  • This is McCormick’s 5th largest (disclosed) transaction.
  • This is McCormick’s 1st transaction in the United States.
  • This is McCormick’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2003-05-08
Target Zatarain s Brands
Sector Food
Buyer(s) McCormick
Sellers(s) Court Square Capital Partners
Deal Type Add-on Acquisition
Deal Value 180M USD

Target

Zatarain s Brands

New Orleans, Louisiana, United States
Zatarain's Brands, Inc. is a US manufacturer and marketer of New Orleans style branded food products, whose principal products are crab boil seasoning for boiled shrimp, crawfish, and crabs, breading for frying, and New Orleans style rice.

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Buyer(S) 1

Buyer

McCormick

Hunt Valley, Maryland, United States

Category Company
Founded 1889
Sector Food
Employees13,800
Revenue 6.7B USD (2023)
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 2 of 16
Sector (Food) 2 of 16
Type (Add-on Acquisition) 1 of 12
State (Louisiana) 1 of 1
Country (United States) 1 of 6
Year (2003) 1 of 1
Size (of disclosed) 5 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-31 Eridania Beghin-Say - Ducros Business

France

Eridania Beghin-Say - Ducros Business is a provider of spices and herbs, and dessert aid products.

Buy $379M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-02 C.M. van Sillevoldt B.V.

Papendrecht, Netherlands

C.M. van Sillevoldt B.V. is a seller of spices, herbs, and seasonings under the Silvo brand.

Buy €58M

Seller(S) 1

SELLER

Court Square Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 7.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Court Square Capital Partners (CSCP) is a generalist private equity firm that seeks middle market company investments across the US. CSCP looks to partner with management teams to accelerate revenue growth and improve operating efficiency. Sectors of interest include business services, building products, chemicals, consumer products, food products/services, healthcare, aerospace/defense, manufacturing, media, technology, telecommunications, and transportation. Court Square Capital Partners was formerly known as Citigroup Venture Capital Equity Partners. The Group spun out of Citigroup and became independent in 2006. CSCP is based in New York City.


DEAL STATS #
Overall 9 of 55
Sector (Food) 1 of 1
Type (Add-on Acquisition) 7 of 24
State (Louisiana) 1 of 1
Country (United States) 8 of 52
Year (2003) 1 of 1
Size (of disclosed) 19 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-16 ISG

Oregon City, Oregon, United States

ISG is a large provider of coal combustion products management and marketing services to the electric power industry. ISG serves more than 100 coal-fired electric power generation plants nationwide. Through its extensive distribution network of over 130 locations in North America, ISG is the leading provider of high quality fly ash to the building products and ready mixed concrete industries. ISG is based in Oregon City, United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-30 Worldspan

Atlanta, Georgia, United States

Worldspan is a global provider of mission-critical electronic global distribution and information technology services to the travel industry, operating the second largest distribution system for travel in the United States.

Buy -