MCCORMICK & acquisition history

RB Foods is the food division of Reckitt Benckiser Group plc, home to iconic market-leading condiment brands including French's mustard, Frank's RedHot hot sauce and Cattlemen's barbecue sauce. Frank's RedHot is the #1 hot sauce brand in the U.S. and Canada. approximately $4.2 billion.

This acquisition strengthens our flavor leadership with the addition of iconic French's and Frank's RedHot brands to our portfolio. McCormick will advance from its current position of #10 to a leading position in the U.S. Condiments category.Lawrence E. Kurzius — Chairman, President & CEO, McCormick & Company

Cholula is a premium hot sauce brand delivering authentic Mexican flavor, acquired from private equity firm L Catterton. The brand is an iconic premium player outpacing category growth in the high-growth hot sauce category.

The acquisition of Cholula accelerates McCormick's growth opportunities within our condiment platform and broadens our portfolio in the hot sauce category with the addition of the Cholula brand. Hot sauce is an attractive, high-growth category and, as an iconic premium brand, Cholula is outpacing category growth.Lawrence E. Kurzius — Chairman, President & CEO, McCormick & Company

In the last 19 months, with the support, resources, and operational expertise of the L Catterton team, we established Cholula as a high-performing standalone business, vastly improved our commercial execution efforts, and pivoted our foodservice strategy to position Cholula for long-term growth and success.Maura Mottolese — Chief Executive Officer, Cholula

FONA International is a privately held, leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. $710 million (approximately $708 million net of cash acquired).

The acquisition of FONA reinforces McCormick's global growth strategy as FONA expands the breadth of our flavor solutions segment into attractive categories, as well as extends our technology platform and strengthens our capabilities. This acquisition also accelerates the strategic migration of our portfolio to more value-added and technically insulated products and thus, is expected to be accretive to gross margin.Lawrence E. Kurzius — Chairman, President & CEO, McCormick & Company

The Lawry's business, acquired from Unilever, manufactures and sells a variety of marinades and seasoning blends under the well-known Lawry's and Adolph's brands. Annual sales were approximately $150 million, primarily in the U.S. and Canada. $604 million (announced at $605 million).

McCormick & Company, Incorporated today announced that it has signed a definitive agreement with Unilever to purchase the assets of Lawry's for $605 million in cash.McCormick & Company press release — November 14, 2007

WAPC is a privately held company based in China that manufactures and markets DaQiao and Chubang brand bouillon and condiment products. The acquisition expanded McCormick's branded presence in China.

On May 31, 2013, we completed the purchase of the assets of Wuhan Asia-Pacific Condiments Co. Ltd. (WAPC), a privately held company based in China, for $144.8 million, which included $142.3 million of cash paid, net of closing adjustments, and the assumption of $2.5 million of liabilities. The acquisition was financed with a combination of cash and debt.McCormick FY2015 10-K — business acquisitions note

Brand Aromatics is a privately held U.S. company that supplies natural savory flavors, marinades, and broth and stock concentrates to the packaged food industry.

On March 9, 2015, we acquired 100% of the shares of Brand Aromatics, a privately held company located in the U.S. Brand Aromatics is a supplier of natural savory flavors, marinades, and broth and stock concentrates to the packaged food industry. Its addition expands the breadth of value-added products in our industrial segment. The purchase price for Brand Aromatics was $62.4 million, net of post-closing adjustments.McCormick FY2015 10-K — business acquisitions note

Drogheria & Alimentari is a privately held company based in Italy and a leader of the spice and seasoning category in Italy, supplying both branded and private label products to consumers. $49.0 million (cash, net of cash acquired of $2.8 million).

On May 29, 2015, we completed the purchase of 100% of the shares of Drogheria & Alimentari (D&A), a privately held company based in Italy, and a leader of the spice and seasoning category in Italy that supplies both branded and private label products to consumers. The purchase price for D&A consisted of a cash payment of $49.0 million, net of cash acquired of $2.8 million, at the time of acquisition.McCormick FY2015 10-K — business acquisitions note

One World Foods, owner of the Stubb's brand of barbecue products, is a privately held company located in Austin, Texas. Stubb's is the leading premium barbecue sauce brand in the U.S.; products include sauces, marinades, rubs and skillet sauces.

On August 20, 2015, we completed the purchase of 100% of the shares of One World Foods, Inc., owner of the Stubb's brand of barbeque products (Stubb's), a privately held company located in Austin, Texas. Stubb's is the leading premium barbeque sauce brand in the U.S. In addition to sauces, Stubb's products include marinades, rubs and skillet sauces. Its addition will expand the breadth of value-added products in our consumer segment. The purchase price for Stubb's was $99.4 million.McCormick FY2015 10-K — business acquisitions note

Enrico Giotti SpA is a leading European flavor manufacturer located in Italy. $123.8 million (net of cash acquired of $1.2 million).

On December 15, 2016, we purchased 100% of the shares of Enrico Giotti SpA (Giotti), a leading European flavor manufacturer located in Italy, for a purchase price of $123.8 million (net of cash acquired of $1.2 million). The acquisition was funded with cash and short-term borrowings.McCormick FY2018 10-K — business acquisitions note

Jurado, Inc. is a supplier of chili mash located in Las Cruces, New Mexico. McCormick purchased substantially all of its assets to secure upstream supply for its hot-sauce and condiment portfolio.

On March 31, 2025, we purchased substantially all of the assets of Jurado, Inc. (Jurado), a supplier of chili mash located in Las Cruces, New Mexico. The purchase price for Jurado was $38.1 million, including $14.3 million associated with a customary purchase price adjustment.McCormick FY2025 10-K — transaction and integration expenses note

McCormick acquired an additional 25% ownership interest in its McCormick de Mexico joint venture from Grupo Herdez, increasing its ownership to a 75% controlling interest. McCormick de Mexico is a leading Mexican consumer condiments and mayonnaise business.

On January 2, 2026, we acquired an additional 25% ownership interest in McCormick de Mexico from Grupo Herdez, for a purchase price of $750 million, which increases our ownership to a 75% controlling interest. We believe the acquisition creates opportunities for growth.McCormick FY2025 10-K — subsequent events note