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.

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