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Food & Beverage M&A image Food & Beverage M&A » By The Online Investor Staff, updated Wed., Aug. 5, 3:09 PM Recent mergers and acquisitions in the Food & Beverage M&A category.

Slide #68. McCormick & Company, Incorporated Wuhan Asia-Pacific Condiments Co. Ltd.

Acquirer: McCormick & Company, Incorporated (NYSE:MKC)
Acquiree: Wuhan Asia-Pacific Condiments Co. Ltd.
Details: McCormick & Company, Incorporated (NYSE:MKC), a global leader in flavor, today completed the purchase of the assets of Wuhan Asia-Pacific Condiments Co. Ltd. WAPC manufactures and markets the well-known DaQiao and ChuShiLe brand bouillon products, which have a leading position in the central region of China. These products complement McCormick's current portfolio of flavor products in China that include spices, seasoning blends and sauces. With its strong presence in central China, WAPC also complements McCormick's presence in the coastal regions.

McCormick & Co. manufactures, markets and distributes spices, seasoning mixes, condiments and other flavor products to the food industry- retailers, food manufacturers and foodservice businesses. Co. also is partner in a number of joint ventures that are involved in the manufacture and sale of flavor products. Co.'s business segments comprised of: consumer, in which Co. markets its products to customers and supplies private label items, known as store brands; and flavor solutions, which provides a range of flavor solutions including seasoning blends, spices and herbs, condiments, coating systems and compound flavors.

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Company Name: 
McCormick & Co Inc
Stock buyback: 
MKC buyback
Website: 
www.mccormickcorporation.com
Sector: 
Food & Beverage
Number of ETFs Holding MKC: 
104
Total Market Value Held by ETFs: 
$4.07B
Total Market Capitalization: 
$24.16B
% of Market Cap. Held by ETFs: 
16.84%
 

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