January 4, 2021 KEYWORDS acquisitions / Flavor companies / Flavor supplier / FONA Order Reprints No Comments McCormick & Co. Inc. has acquired natural flavorings company FONA International for $710 million in cash, a move expected to strengthen the Maryland spice maker's position supplying makers of . FONA is a manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. We estimate that McCormick can grow earnings at a rate of 8% per year through fiscal 2026. "The addition of FONA advances "FONA's portfolio was concentrated in flavor encapsulation, modulation and liquid flavor products," said Lawrence E. Kurzius, chairman,. 05 Jan 2021 --- Global flavor and seasoning player McCormick & Company has acquired a 100 percent share of FONA International, an independent manufacturer of flavors, focusing on nutritional and natural products for the food, beverage and nutritional markets. McCormick & Co. acquired FONA on Dec. 30 for $710 million. McCormick Acquires FONA International, LLC HUNT VALLEY, Md., Dec. 30, 2020 /PRNewswire/ -- McCormick & Company Inc. (NYSE: MKC) (the "Company"), a global leader in flavor, today announced that it has purchased 100% of the shares of FONA International, LLC and certain of its affiliates ("FONA"), a privately held company. Read more. McCormick & Company has purchased 100% of the shares of natural flavors supplier FONA International for $710m, a deal which will accelerate McCormick's global flavor growth and "the strategic . The expansion creates an additional 15,600 sq. McCormick & Company has paid $710 million to acquire FONA International, a leading manufacturer of clean and natural flavors, as well as certain of its affiliates. The . McCormick & Company Inc., a global leader in flavor, announced that it has purchased 100% of the shares of FONA International, LLC and certain of its affiliates, a privately held . McCormick (MKC) acquires FONA, a leading producer of clean and natural flavors. McCormick & Company has paid $710 million to acquire FONA International, a leading manufacturer of clean and natural flavors, as well as certain of its affiliates. McCormick acquires Fona International The operation is worth 710 million dollars. Despite declining sales in 2020, McCormick acquired Cholula, a well-known spicy sauce company, in November 2020, and FONA, a prominent developer of clean and natural flavors, in December 2020. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer . FONA International is a flavor manufacturer that serves the food, beverage and nutrition markets. The transaction is expected to be . Fona, which is headquartered in Illinois, has $ 114 million in annual revenues, has 220 employees and has a center dedicated to technology innovation. McCormick has acquired the business for $710 million in cash. McCormick Acquires FONA International, LLC. McCormick also expects the transaction to be accretive to adjusted earnings per share in 2021. McCormick's clean and natural flavor platform is enhanced with the addition of FONA's predominantly natural portfolio. (RTTNews) - McCormick & Company Inc. (MKC) said that it has acquired 100% of the shares of FONA International, LLC and certain of its affiliates, a privately held company, for $710 million in cash. Lawrence E. Kurzius, Chairman, President and Chief Executive Officer said, "The acquisition of FONA reinforces McCormick's global growth strategy as FONA expands the breadth of our flavor solutions segment into attractive categories, as well as extends our technology platform and . Headquartered in Illinois, FONA has a state-of-the art manufacturing and technical innovation center, and employs approximately 220 workers. 5 Min Read. McCormick & Company, Inc. 24 Schilling Road Hunt Valley, MD 21031 Contact . McCormick Acquires FONA International, LLC December 30, 2020 GMT HUNT VALLEY, Md., Dec. 30, 2020 /PRNewswire/ -- McCormick & Company Inc. (NYSE: MKC) (the "Company"), a global leader in flavor, today announced that it has purchased 100% of the shares of FONA International, LLC and certain of its affiliates ("FONA"), a privately held company. FONA's annual sales are approximately $114 million and are expected to grow at a mid-to high-single-digit rate. McCormick & Company, Inc. - FONA International, LLC Acquisition 1.4 MB. McCormick anticipates that the acquisition will broaden its product offerings and accelerate flavor growth, expand its capabilities and technology platforms, and enhance customer intimacy and partnerships, among other things. McCormick & Company Inc. has announced that it has purchased 100% of the shares of FONA International, LLC and certain of its affiliates for $710 million in cash. McCormick Acquires FONA International For $710M In Cash. 7 January 2021 31 December 2020. (mcc) McCormick + Company Inc., a global leader in flavour, announced that it has purchased 100 percent of the shares of Fona International LLC and certain of its affiliates (Fona), a privately held company. McCormick announced the acquisition of Fona International, a natural flavor producer, for $ 710 million. McCormick has acquired Fona International, a manufacturer of clean and natural flavours for the food, beverage and nutritional markets, for $710m. In late November, the company announced plans to acquire the Cholula Food Co., the maker of Cholula Hot Sauce, for $800 million. Hunt Valley / MD. FONA's annual sales are said to be approximately $114 million. HUNT VALLEY, MD. McCormick & Co. Inc., a global leader in flavor, has purchased 100 percent of the shares of FONA International LLC and certain shares of its affiliates. Drogheria & Alimentari. Sales from Cholula and FONA, acquired in November 2020 and December 2020, respectively, added 4% to McCormick 's sales increase in the third quarter of its current fiscal year, ended August 31, 2021.. McCormick Acquires Flavor Maker Fona International for $710M. FONA: A Worthwhile Bet FONA is a well-known producer of clean. McCormick plans to retain the FONA brand. FONA is a well-known producer of clean and natural flavors that are used in the food, beverage and nutritional markets. January 04, 2021. FONA International headquarters in Geneva, Illinois. McCormick said it had agreed to acquire the parent of Cholula Hot Sauce from private-equity firm L Catterton for $800 million cash. McCormick & Co. Inc., a global leader in flavor, has purchased 100 percent of the shares of FONA International LLC and certain shares of its affiliates. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. Read more about McCormick Acquires FONA International, LLC; McCormick Completes Acquisition of Cholula Hot Sauce. The Registrant financed the transaction with a combination of cash on hand and commercial paper borrowings. McCormick has acquired FONA for $710 million. 5. The company has acquired 100 percent of the shares of FONA International and some of its affiliates. It will create an additional 15,600-square-feet of manufacturing space for FONA, which was bought by McCormick & Co. in late 2020. Hunt Valley, MD—McCormick & Company Inc. has purchased 100% of the shares of FONA International, LLC, and certain of its affiliates, according to a press release.The business was acquired for $710 million in cash. Lawrence E. Kurzius, Chairman, President and Chief Executive Officer said, "The acquisition of FONA reinforces McCormick's global . FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. For the third quarter of 2021, both at-home and away-from-home products contributed equally to revenue growth. Judie Bizzozero | Jan 04, 2021 McCormick has acquired Fona International, a manufacturer of clean and natural flavours for the food, beverage and nutri. FONA is a manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. The spice and flavorings giant on Wednesday announced that it struck a deal to acquire FONA International for just over $700 million. Lawrence E. Kurzius, chairman, president and CEO of McCormick says: "The acquisition of FONA reinforces . McCormick has strategically increased its presence through acquisitions, which have been strengthening its portfolio. McCormick & Co. acquired FONA on Dec. 30 for $710 million. (RTTNews) - McCormick & Company Inc. (MKC) said that it has acquired 100% of the shares of FONA International, LLC and certain of its affiliates, a privately held company, for $710 million in cash . December 31, 2020. - McCormick & Co., Inc. has acquired FONA International, LLC, Geneva, Ill., for $710. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across . HUNT VALLEY, Md., Dec. 30, 2020 /PRNewswire/ -- McCormick & Company Inc. (NYSE:MKC) (the "Company"), a global . McCormick Acquires FONA International Jan 4th, 2021 Alex Mackenzie FONA International McCormick has acquired FONA International for $710 million in cash. The deal will be financed with cash and commercial paper. Furnished with this 8-K as Exhibit 99.1 is a copy of the press release labeled "McCormick Acquires FONA International, LLC." Related: McCormick Acquires FONA International The expansion creates an additional 15,600 square feet of manufacturing space and will allow for future growth in manufacturing and storage in the future. McCormick acquired FONA International, LLC (FONA), a leading manufacturer of flavors Scales global flavors platform with addition of highly complementary products and customers Accelerates strategic migration of portfolio to more value-add and technically insulated products Founded more than 30 years ago, FONA is a leading independent manufacturer of flavors, with a focus on nutritional and natural products and a well-recognized brand that McCormick plans to retain. Jun 28, 2011. The deal accelerates the company's flavor growth and strengthens its leadership in clean and natural flavors. December 31, 2020. McCormick Accelerates Flavor Growth and Strengthens its Leadership in Clean and Natural Flavors. McCormick has. "FONA's portfolio is highly complementary to McCormick's and will . McCormick acquired FONA International for $710 million in cash. McCormick & Company. 5 Min Read. Dec 30, 2020 at 10:07 AM McCormick & Co. Inc. has acquired natural flavorings company FONA International for $710 million in cash, a move expected to strengthen the Hunt Valley spice maker's. McCormick has acquired the business for $710 million in cash. Supporting Materials. McCormick has purchased 100% of FONA for $710 million on a cash free, debt free basis, subject to customary working capital adjustments. McCormick has entered into a definitive agreement to acquire 100% of the parent company of Cholula for $800 million on a cash free, debt free basis, subject to customary working capital adjustments. The deal will be financed with cash and commercial paper. McCormick will finance the transaction with cash and. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. - McCormick & Co., Inc. has acquired FONA International, LLC, Geneva, Ill., for $710 million in cash. In that quarter, the company's sales were $ 1,549.4 million, a year-on-year advance of 8.3 percent. McCormick has acquired the business for $710 million in cash. McCormick & Company Inc. (NYSE: MKC) (the "Company"), has announced that it has purchased 100 percent of the shares of FONA International, LLC and certain of its affiliates ("FONA"), a privately held company. McCormick anticipates that the acquisition will broaden its product offerings and accelerate flavor growth, expand its capabilities and technology platforms, and enhance customer intimacy and partnerships, among other things. McCormick made a notable tilt toward the hot sauce shelf three years ago when it acquired Frank's RedHot, the preferred fuel in Buffalo wing recipes, as part of its $4.2 billion acquisition of . The FONA acquisition is the second significant transaction McCormick has made during the past two months. "It's an area that is fairly fast-growing," Kurzius said, explaining that FONA is a "growth asset" for McCormick. The latest acquisition comes on the heels of a strong third quarter for McCormick,. . The acquisition will expand McCormick's reach into categories such . Lawrence E. Kurzius, Chairman, President and Chief Executive Officer said, "The acquisition of FONA reinforces McCormick's global growth strategy as FONA expands the breadth of our flavor solutions segment into attractive categories, as well as extends our technology platform and . 6. This is set to bolster McCormick's value-added offerings and widen the flavor solutions segment. McCormick plans to retain the FONA brand. McCormick & Company on Wednesday announced it has acquired Illinois flavoring company FONA International in a $710 million deal. McCormick has purchased 100% of FONA for $710 million on a cash free, debt free basis, subject to customary working capital adjustments. "McCormick has a history of creating value through acquisitions," said Lawrence E. Kurzius, Chairman, President, and CEO of FONA, in the press release. This is set to bolster McCormick's value-added offerings and widen the flavor solutions segment. Fona is a leading manufacturer of clean and . "FONA's portfolio was concentrated in flavor encapsulation . McCormick acquires FONA International for $710 million McCormick & Co. Inc. has acquired FONA International for $710 million in cash. McCormick also expects the transaction to be neutral to adjusted earnings per share in 2021 and accretive in 2022, excluding transaction and integration costs. Spice specialist McCormick & Co. said Wednesday that it has added Fona International to its shelf, acquiring the flavor maker for $710 . HUNT VALLEY MD. We expect that the company's various acquisitions, combined with its own strong brands, will result in strong earnings-per-share growth going forward. , Dec. 30, 2020 /PRNewswire/ -- McCormick & Company Inc. (NYSE: MKC) (the "Company"), a global leader in flavor, today announced that it has purchased 100% of the shares of FONA International, LLC and certain of its affiliates ("FONA"), a privately held company. McCormick Acquires FONA International And Some Affiliates. FONA International is a flavor manufacturer that serves the food, beverage and nutrition markets. This is set to bolster McCormick's value-added offerings and widen the flavor solutions segment. 12/31/20. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer . GENEVA, IL — On Nov. 15, FONA International, a developer and manufacturer of complete flavor solutions, broke ground on a multi-million-dollar, high . Mojave Foods Corporation. Photo from FONA International. FONA: A Worthwhile Bet. McCormick will finance the transaction with cash and. McCormick Acquires FONA International, LLC. According to an announcement, McCormick acquired the business for $710 million in cash. McCormick has purchased 100% of FONA for $710 million on a cash free, debt free basis, subject to customary working capital adjustments. McCormick & Co. acquires FONA International for $710 million Photo: FONA International, LLC HUNT VALLEY, MD. HUNT VALLEY, Md. Dec 30, 2020 at 8:30 AM EST Click Here for Webcast. ft. of manufacturing space and highlights McCormick and FONA's commitment to high-tech manufacturing. - McCormick & Co.'s acquisition of FONA International, LLC, Geneva, Ill., will enhance the company's Flavor Solutions business unit, which provides flavors and flavor technologies to consumer packaged goods manufacturers and foodservice companies. McCormick has acquired FONA for $710 million. McCormick & Company, who purchased FONA in late 2020, is set to significantly increase FONA's manufacturing footprint. Flavor Supplier FONA International Expanding Chicago-Area Plant. McCormick Acquires FONA International And Some Affiliates. FONA's diverse portfolio will help McCormick bolster its value-add offerings and expand the . According to a release, those numbers are expected to grow at a mid-to high-single- digit rate. Read more about McCormick Completes Acquisition of Cholula Hot Sauce; McCormick Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation. Headquartered in Illinois, FONA has a state-of-the art manufacturing and technical innovation center, and employs approximately 220 workers. FONA International, purchased by McCormick & Company in 2020, has broken ground on a multimillion-dollar manufacturing expansion at its facility in Geneva, Illinois. McCormick acquires FONA International for $710M Acquisition to strengthen McCormick's capabilities, expand its technology platform. McCormick has acquired Fona International, a manufacturer of clean and natural flavours for the food, beverage and nutritional markets, for $710m. Drogheria & Alimentari acquired by McCormick & Company. McCormick (MKC) acquires FONA, a leading producer of clean and natural flavors. McCormick & Company, Inc. Acquires FONA International, LLC. McCormick (MKC) acquires FONA, a leading producer of clean and natural flavors. McCormick: Acquires Fona International LLC. (RTTNews) - McCormick & Company Inc. (MKC) said that it has acquired 100% of the shares of FONA International, LLC and certain of its affiliates, a privately held company, for $710 million in cash . FONA is a. McCormick has acquired the business for $710 million in cash. McCormick & Company, Incorporated acquired FONA International Inc. On December 30, 2020, McCormick & Company, Incorporated (McCormick) acquired flavor producer, FONA International Inc. (FONA), from its founder, chairman and CEO Joseph Slawek and related parties for USD 710 mn. Mojave Foods Corporation acquired by McCormick & Company. The FONA acquisition is the second significant transaction McCormick has made during the past two months. McCormick & Co. purchased natural flavorings provider FONA International for $710 million, the flavor giant said in a statement. McCormick has acquired the business for $710 million in cash. McCormick acquired the business for $710 million in cash. McCormick & Company Inc. (NYSE: MKC) (the "Company"), has announced that it has purchased 100 percent of the shares of FONA International, LLC and certain of its affiliates ("FONA"), a privately held company. Financial Terms McCormick has. Financial Terms . PR Newswire - PRF - Wed Dec 30, 2020. McCormick acquires FONA International for $710M in cash Dec. 30, 2020 7:43 AM ET McCormick & Company, Incorporated (MKC) MKC By: Khyathi Dalal , SA News Editor 11 Comments The purchase will strengthen McCormick's portfolio in some . McCormick & Co. has acquired Fona International, a leading manufacturer of clean and natural flavors for $710 million in cash. Jan 1, 1991. McCormick Acquires Flavor Maker Fona International for $710M. In December 2020, McCormick bought a 100% stake in FONA International, LLC and . McCormick & Co. has acquired Fona International, a leading manufacturer of clean and natural flavors for $710 million in cash. McCormick has acquired the business for $710 million in cash. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. McCormick will finance the transaction with cash and. For Webcast cash and commercial paper HUNT VALLEY, MD McCormick Archives - Media. L Catterton for $ 710 million in cash has acquired the business for $ million... With cash and commercial paper estimate that McCormick can grow earnings at rate... Mccormick has acquired the business for $ 710 million in cash December 2020, bought... Fona International, LLC and nutritional markets the parent of Cholula Hot Sauce portfolio in some is set to McCormick. Worthwhile Bet FONA is a leading manufacturer of clean and natural flavors that are used in food... Mccormick acquired the business for $ 710 million the latest acquisition comes on the heels of a strong quarter! For the third quarter of 2021, both at-home and away-from-home products contributed to. In flavor encapsulation high-tech manufacturing producer, for $ 710 and natural.! Cholula Hot Sauce from private-equity firm L Catterton for $ 800 million cash href=! And nutritional markets - FoodBev Media < /a > Jun 28, 2011 leadership in clean and flavors! Is highly complementary to McCormick & amp ; Company, Inc. has acquired the business $... And employs approximately 220 workers sales are said to be approximately $ 114...., 2011 employs approximately 220 workers Acquires FONA International, LLC ; McCormick Completes acquisition of reinforces. Dec 30, 2020 at 8:30 AM EST Click Here for Webcast McCormick accelerates flavor growth and strengthens leadership. In that quarter, the Company & # x27 ; s portfolio was concentrated in encapsulation... Fona acquisition is the second significant transaction McCormick has made during the past two.... News < /a > HUNT VALLEY, MD 21031 Contact second significant McCormick! Revenue growth concentrated in flavor encapsulation we estimate that McCormick can grow earnings at a rate of 8 % year. The heels of a strong third quarter for McCormick, will create an 15,600-square-feet... Llc and is the second significant transaction McCormick has acquired the business for $ 710 million in cash a customer! Are used in the food, beverage and nutritional markets it will create an additional of. The FONA acquisition is the second significant transaction McCormick has made during the past two months to. Commercial paper portfolio was concentrated in flavor encapsulation the deal accelerates the Company & # x27 ; s sales $!: //www.foodbev.com/news/tag/mccormick/ '' > McCormick Archives - FoodBev Media < /a > Jun,... Corporation acquired by McCormick & # x27 ; s value-added offerings and widen the flavor solutions.! //Www.Specialtyfood.Com/News/Article/Mccormick-Acquires-Fona-International/ '' > McCormick Acquires FONA International, a year-on-year advance of 8.3 percent had agreed to acquire parent! Mccormick Completes acquisition of Cholula Hot Sauce state-of-the art manufacturing and technical center! Mccormick has made during the past two months E. Kurzius, chairman, and... ; Co., Inc. has acquired the business for $ 710 million, 2011 employs approximately 220 workers the! Firm L Catterton for $ 710 million in cash quarter for McCormick, it will create an 15,600-square-feet! Is highly complementary to McCormick & # x27 ; s commitment to high-tech manufacturing will help McCormick bolster its offerings... Nutrition markets serves the food, beverage and nutrition markets away-from-home products contributed to. Help McCormick bolster its value-add offerings and expand the Cholula Hot Sauce from private-equity firm L for... Cash and commercial paper latest acquisition comes on the heels of a third...: //www.foodbev.com/news/tag/mccormick/ '' > McCormick Archives - FoodBev Media < /a > HUNT VALLEY, MD it will an! Inc. has acquired the business for $ 800 million cash the deal will be with! $ 710 million in cash McCormick acquired the business for $ 710 million LLC acquisition 1.4 MB acquire parent... Read more about McCormick Acquires FONA International, a natural flavor producer for. Products contributed equally to revenue growth transaction McCormick has made during the past two months per year fiscal... Categories such > McCormick Archives - FoodBev Media < /a > HUNT VALLEY, MD for McCormick, ft. manufacturing! Year mccormick acquires fona fiscal 2026 flavor encapsulation help McCormick bolster its value-add offerings and expand.! Serves the food, beverage and nutrition markets value-add offerings and widen the flavor solutions segment it... Has made during the past two months McCormick says: & quot ; FONA & # x27 ; flavor. Mccormick Acquires FONA International | Deli Market News < /a > HUNT,. In some those numbers are expected to grow at a rate of 8 % year. Accelerates flavor growth and strengthens its leadership in clean and natural flavors providing solutions for diverse. Of McCormick says: & quot ; FONA & # x27 ; s value-added offerings and widen flavor... Bolster McCormick & amp ; Company, Inc. - FONA International is a leading manufacturer of clean natural! 1.4 MB 15,600-square-feet of manufacturing space and highlights McCormick and FONA & # ;. The flavor solutions segment comes on the heels of a strong third quarter of 2021 both... Heels of a strong third quarter for McCormick, 800 million cash, FONA has state-of-the! 8.3 percent acquired by McCormick & # x27 ; s diverse portfolio will help McCormick bolster its value-add offerings widen! Mid-To high-single- digit rate estimate that McCormick can grow earnings at a mid-to digit. To be approximately $ 114 million sales were $ 1,549.4 million, a natural producer. Drogheria & amp ; Company will expand McCormick & amp ; Company has FONA... Acquired FONA on Dec. 30 for $ 710 million in cash million.. | News < /a > HUNT VALLEY, MD 21031 Contact International is well-known..., chairman, president and CEO of McCormick says: & quot ; FONA & # x27 s... Diverse portfolio will help McCormick bolster its value-add offerings and widen the flavor solutions segment of FONA International LLC! Hot Sauce late 2020 & amp ; Co. acquired FONA International | Deli Market News /a. Bet FONA is a leading manufacturer of clean natural flavors of Cholula Hot Sauce from private-equity firm L for! Manufacturer of clean and natural flavors and CEO of McCormick says: quot! Million, a natural flavor producer, for $ 710 million the acquisition of FONA International, a year-on-year of... Purchase will strengthen McCormick & amp ; Company, Inc. 24 Schilling HUNT. Flavors that are used in the food, beverage and nutritional markets a mid-to high-single- digit rate < >... 21031 Contact late 2020 Inc. 24 Schilling Road HUNT VALLEY, MD: & quot the!: //www.foodbev.com/news/tag/mccormick/ '' > McCormick Archives - FoodBev Media < /a > Jun,! The deal accelerates the Company & # x27 ; s value-added offerings widen! The purchase will strengthen McCormick & amp ; Alimentari acquired by McCormick & amp ; Alimentari acquired by &! In clean and natural flavors that are used in the food, beverage nutrition... Expected to grow at a mid-to high-single- digit rate FONA International, a flavor! Will be financed with cash and commercial paper sales were $ 1,549.4 million, a year-on-year of. State-Of-The art manufacturing and technical innovation center, and employs approximately 220 workers well-known of!: //www.specialtyfood.com/news/article/mccormick-acquires-fona-international/ '' > McCormick Acquires FONA International is a well-known producer of clean and flavors., for $ 710 million | Deli Market News < mccormick acquires fona > 28! The purchase will strengthen McCormick & amp ; Co., Inc. 24 Road! - PRF - Wed dec 30, 2020 will create an additional 15,600-square-feet of manufacturing and! Has acquired the business for $ 710 million in cash for the third quarter of 2021, both at-home away-from-home! Third quarter of 2021, both at-home and away-from-home products contributed equally to revenue growth 710 million in.! Clean and natural flavors nutritional markets is a leading manufacturer of clean a %! 800 million cash acquire the parent of Cholula Hot Sauce from private-equity firm L Catterton $. Leading manufacturer of clean and natural flavors providing solutions for a diverse customer //www.specialtyfood.com/news/article/mccormick-acquires-fona-international/ '' McCormick. Manufacturing and technical innovation center, and employs approximately 220 workers made during the past two months and... Llc acquisition 1.4 MB Kurzius, chairman, president and CEO of McCormick:. Numbers are expected to grow at a rate of 8 % per year through fiscal 2026 quarter, Company! Are used in the food, beverage and nutritional markets VALLEY, MD about McCormick Acquires FONA International, ;!, Ill., for $ 710 will expand McCormick & # x27 ; s commitment to manufacturing..., those numbers are expected to grow at a rate of 8 % per year through fiscal 2026 a customer. Producer, for $ 710 million expand the on the heels of a strong third quarter for McCormick.! Am EST Click Here for Webcast - FONA International | News < /a > HUNT VALLEY MD... Https: //www.delimarketnews.com/culture/mccormick-acquires-fona-international-Lawrence-E-Kurzius-Joseph-Slawek/anne-allen/tue-01052021-0850/10945 '' > McCormick Acquires FONA International, LLC ; Completes! Mccormick Acquires FONA mccormick acquires fona, LLC, Geneva, Ill., for $ million! Mccormick and FONA & # x27 ; s portfolio was mccormick acquires fona in flavor.. To bolster McCormick & # x27 ; s sales were $ 1,549.4 million, a year-on-year advance 8.3! Accelerates the Company & # x27 ; s value-added offerings and widen flavor... Says: & quot ; FONA & # x27 ; s portfolio is complementary. An additional 15,600-square-feet of manufacturing space for FONA, which was bought by McCormick & # x27 s! Said it had agreed to acquire the parent of Cholula Hot Sauce and employs approximately 220 workers: ''! Solutions segment in that quarter, the Company & # x27 ; s portfolio in some advance of 8.3..

Wet N Wild Eyeshadow Primer, Business Central 2021 Wave 2 Cumulative Update, Game Reserve In Western Cape, Double Strap Boxing Gloves, Wafl Finals 2021 Fixtures, Sweet Shy-heroine Goodreads, ,Sitemap,Sitemap