MCCORMICK & CO INC acquired McCormick de Mexico (additional 25% interest) for $750 million, a transaction completed in January 2026, structured as all cash.
McCormick de Mexico (additional 25% interest) operates in Consumer - Mexico (mayonnaise, condiments), is based in Mexico. 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.
Majority control of a high-growth Mexican consumer condiments and mayonnaise business; expected to be meaningfully accretive to 2026 net sales and operating income. Expected 11%-13% net sales increase in 2026 from consolidation; accretion to adjusted operating income. McCormick Consumer segment (consolidated)
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
Advisory firms were not disclosed for this transaction.