McCormick Completes Acquisition of Controlling Interest in McCormick de Mexico
McCormick & Company, Incorporated (MKC)
Last mccormick & company, incorporated earnings: 3/31 06:30 am
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Source: PR Newswire
HUNT VALLEY, Md., Jan. 2, 2026 /PRNewswire/ -- McCormick & Company Inc. (NYSE: MKC) (the "Company"), a global leader in flavor, today announced that it has completed the acquisition of an additional 25% ownership interest in McCormick de Mexico from Grupo Herdez, increasing its ownership to 75%. The Company previously announced its agreement to expand ownership in McCormick de Mexico on August 21, 2025.The expanded ownership of McCormick de Mexico, a joint venture formed in 1947 with Grupo Herdez, strengthens McCormick's global flavor leadership, creates opportunities for further growth in the attractive Mexican market and provides a strategic platform for further expansion in Latin America. McCormick funded the purchase price of $750 million through a combination of cash on hand and commercial paper."We are excited to acquire majority ownership in McCormick de Mexico, further strengthening our track record of driving shareholder value through strategic acquisitions," said Brendan M.
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MKC
News
- McCormick & Company to Report 2025 Fourth Quarter Financial Results on January 22, 2026PR Newswire
- McCormick & Company, Incorporated (NYSE:MKC) was upgraded by analysts at Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating. They now have a $75.00 price target on the stock.MarketBeat
- McCormick & Company, Incorporated (NYSE:MKC) had its "outperform" rating reaffirmed by analysts at Sanford C. Bernstein.MarketBeat
- How Is McCormick's Stock Performance Compared to Other Food & Beverage Stocks? [Yahoo! Finance]Yahoo! Finance
- McCormick & Company, Incorporated raises quarterly dividend by 6.7% to $0.48/share [Seeking Alpha]Seeking Alpha
MKC
Earnings
- 10/7/25 - Beat
MKC
Sec Filings
- 1/2/26 - Form 8-K
- 12/31/25 - Form 4
- 12/31/25 - Form 4
- MKC's page on the SEC website