McCormick’s merger with Unilever’s food business to create a US$65 billion sauce-and-spice giant is a bet that access to rising global demand for flavor-rich, healthier food can help counter a maturing U.S. market.
Tag Archives McCormick
McCormick bets on flavor in $65 billion Unilever merger
McCormick brings French’s ketchup processing in-house
Club House spice maker expands London, Ont. plant
The firm behind the French’s ketchup brand is bringing its bottling of the product to its own plant in southwestern Ontario. McCormick Canada, the Canadian arm of Baltimore-area condiment and spice maker McCormick and Co., on Monday announced it had completed a “multi-million dollar expansion” at its London, Ont. plant to blend, bottle and package […] Read more
Spice maker seeks path to make vanilla milkshakes cheaper
Chicago/Antananarivo, Madagascar | Reuters — A kilo of vanilla beans costs more than a kilo of silver. Cultivated painstakingly over years from an orchid plant, vanilla is the second most expensive spice in the world, after saffron. In less than five years, the wholesale price has risen nearly 500 per cent, partly because of growing […] Read more
U.S. garlic growers profit from trade war as most farmers struggle
Gilroy, California | Reuters — Unlike millions of other U.S. farmers, garlic growers are profiting from the trade war with China and have cheered President Donald Trump’s latest economic attack accordingly. Sales of California-grown garlic are now increasing after decades of losing ground to cheaper Chinese imports. Sales are poised to get even better as […] Read more
Reckitt cuts the (French’s) mustard with food business sale
London | Reuters — U.S. spices maker McCormick and Co. Inc. has won the battle to buy Reckitt Benckiser Group’s North American food business, paying a higher than expected US$4.2 billion to add extra seasonings and sauces. London-listed Reckitt said in April it was reviewing options for the unit, which includes French’s mustard and Frank’s […] Read more
