Del Monte Foods, the US food company, has announced the acquisition of cooking aids firm Kitchen Basics from McCormick. Kitchen Basics was founded in 1996 and has an extensive portfolio of ready-to-use stocks and broths, and is currently the market leader in the US. Greg Longstreet, president and CEO of Del Monte Foods, said: “Del Monte Foods has gone through a positive transformation over the past five years, and we …
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India based food firm, Adani Wilmar, has announced the acquisition of the rice brand Kohinoor from McCormick Switzerland GMBH. According to sources, Kohinoor was one of the pioneers in the branded basmati rice in India, and the company has a portfolio that includes the brand Kohinoor for premium basmati rice, Charminar for budget rice, and Trophy for the HORECA segment. This acquisition will give Adani Wilmar exclusive rights over the …
McCormick, the US spice and seasoning firm, has entered into an agreement to acquire Cholula Hot Sauce from L Catterton for $800 million in cash. Cholula Hot Sauce is described as a premium hot sauce brand in six varieties of spicy Mexican flavours. It is claimed to be made using high-quality ingredients based on a 100-year old recipe comprising a blend of fresh peppers and regional spices. According to McCormick, the …
McCormick, a US manufacturer of spices, herbs, and flavourings for retail, commercial, and industrial markets has signed an agreement to buy the food division of Reckitt Benckiser (RB), the British multinational consumer goods company, for $4.2 billion. “RB Foods’ focus on creating products with simple, high-quality ingredients makes it a perfect match for McCormick as we continue to capitalize on the growing consumer interest in healthy, flavorful eating,” commented Lawrence …
McCormick, the US spice and seasonings gient, has announced the acquisition of Australia-based Botanical Food Group, which manufactures and sells the Gourmet Garden brand of packaged herbs, in a deal worth $114 million. Gourmet Garden sell a variety of fresh and lightly dried herbs in Australia, also exporting its product range to 15 countries with the US being its biggest international market. McCormick said Gourmet Garden’s “closer to fresh” products …
McCormick, the US spice and seasoning firm, has announced that it no longer intends making an offer to acquire the UK-based food manufacturer Premier Foods. Premier Foods had reportedly rebuffed three approaches from the American firm before announcing last week that it had entered “constructive” talks regarding a possible takeover. The latest offer put forward by McCormick was said to have amounted to 65 pence a share in cash, or a total …
Having previously rebuffed an approach by US firm McCormick, UK food manufacturer Premier Foods has announced that it is now in “constructive” talks with the spice and seasonings giant over a possible takeover deal. In an update posted on the firm’s website, Premier Foods said that it had arranged to meet its main institutional investors “to provide them with further insight into the business, including the value creation potential of the …
Japanese food manufacturer Nissin Food has acquired a 17.27% shareholding in British food manufacturer Premier Foods from an existing shareholder. Announcing the deal in a statement, Premier Foods, which own brands such as Mr Kipling and Bisto, said that the Japanese company “understands and supports Premier’s ambitions”. As part of the move, Nissin Food has the option to appoint a non-executive director to the Premier Foods board on the condition …
McCormick, the US spices and seasonings specialist, has announced that it has completed the purchase of 100% of the shares of One World Foods, which sells the Stubb’s barbecue sauce range. According to McCormick, Stubb’s is the leading premium barbecue sauce brand in the US, while the product portfolio also includes marinades, rubs and cooking sauces. Annual sales of the business are projected to be $30 million in 2015 and are expected …
McCormick, a leading US producer of spices and flavourings, has announced that it has signed a definitive agreement to acquire 100% of the shares of the Italian company Drogheria & Alimentari (D&A). Founded in 1880, D&A has approximately 120 employees and a manufacturing facility located in Florence, Italy. Like McCormick, the company is active in the spices and seasonings sector. “We are pleased to expand our portfolio of leading brands …
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