M&A
confidence high
sentiment positive
materiality 0.85
McCormick completes $750M acquisition of controlling 75% stake in McCormick de Mexico
MCCORMICK & CO INC
- Increased ownership from 50% to 75% by acquiring 25% from Grupo Herdez for $750 million.
- Transaction funded with cash on hand and commercial paper; expected accretive to net sales, adjusted op margin, and adjusted EPS in 2026.
- Strengthens McCormick's position in the Mexican market and provides a platform for Latin America expansion.
- Full-year 2026 guidance including the acquisition will be provided on January 22, 2026 Q4 earnings call.