MCCORMICK & CO INC acquires Lawry's (Lawry's & Adolph's brands)

MCCORMICK & CO INC acquired Lawry's (Lawry's & Adolph's brands) for $604 million (announced at $605 million), a transaction completed in July 2008, structured as all cash. The deal was a Asset purchase.

Lawry's (Lawry's & Adolph's brands) operates in Consumer - Marinades & seasoning blends, is based in United States and Canada, had revenue of about Approximately $150 million in annual sales, primarily in the U.S. and Canada. 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.

McCormick acquired the assets of Lawry's from Unilever to add well-known marinade and seasoning-blend brands to its consumer portfolio in the U.S. and Canada.

Established, well-known marinade and seasoning-blend brands complementary to McCormick's core consumer spices and seasonings business. McCormick Consumer segment

Advisory firms were not disclosed for this transaction.