US EditionMcCormick Completes Acquisition of Controlling Interest in McCormick de Mexico
McCormick's $750 million purchase raises its stake in McCormick de Mexico to 75%, boosting growth prospects in Mexico and Latin America, with expected 2026 sales and earnings gains.
- On Jan. 2, 2026, McCormick & Company Inc. completed acquisition of an additional 25% ownership in McCormick de Mexico, raising its stake to 75%, the announcement said from Hunt Valley, Md.
- Following an agreement announced on August 21, 2025, McCormick & Company Inc. said the expanded ownership of McCormick de Mexico aims to strengthen global flavor leadership and growth in Mexico and Latin America.
- Financing for the deal came from cash on hand and commercial paper, and McCormick said the transaction is expected to be accretive to net sales, adjusted operating margin, and adjusted earnings per share in 2026.
- The company will provide fiscal 2026 guidance inclusive of the acquisition on its fourth quarter earnings call on January 22, 2026, and expects minimal impact on Net Debt to Adjusted EBITDA, McCormick said.
- Looking beyond the deal, McCormick & Company Inc. says that forward‑looking statements and risks could cause actual results to differ materially, despite its $6.7 billion sales and global scale.
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LoudounTimes.com
McCormick Completes Acquisition of Controlling Interest in McCormick de Mexico
HUNT VALLEY, Md., Jan. 2, 2026 /PRNewswire/ -- McCormick & Company Inc. (NYSE: MKC) (the "Company"), a global leader in flavor, today announced that it has completed the acquisition of an additional 25% ownership interest in McCormick de Mexico from…
Open the article to view the coverage from The Economist
McCormick & Company, an American food company, increased its control in McCormick Mexico, after closing an acquisition of $750 million from its local partner Grupo Herdez.See more: Emilio Azcárraga increases stake in Ollamani after announcing alliance with General AtlanticThe purchase, financed with assets and commercial paper, allowed McCormick & Co to increase its share of its Mexican business from 50% to 75%, the company reported in a stateme…
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