MCCORMICK & CO INC acquired Drogheria & Alimentari (D&A) for $49.0 million (cash, net of cash acquired of $2.8 million), a transaction completed in May 2015, structured as all cash.
Drogheria & Alimentari (D&A) operates in Consumer - Spices & seasonings (Italy), is based in Italy. 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.
Market leadership in the Italian spice and seasoning category; expands McCormick's European consumer business. McCormick EMEA / Consumer segment
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
Advisory firms were not disclosed for this transaction.