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McCormick Eyes $1 Billion Deal To Acquire Duke's Mayonnaise Maker
MKCMcCormick(MKC) Benzinga·2024-12-18 01:32

McCormick & Company, Inc. MKC is considering buying Sauer Brands from Falfurrias Capital Partners at a valuation of over $1 billion, Bloomberg cites familiar sources.In 2019, Falfurrias bought Sauer Brands, famous for its Duke’s mayonnaise brand. The company also produces spices, herbs and other condiments.Also Read: Affirm Secures $4 Billion Loan Deal With Sixth Street to Boost BNPL GrowthIn 2020, McCormick purchased flavor manufacturer Fona International for $710 million and hot sauce maker Cholula for $8 ...