Grupo Herdez has approved the sale of 25% of its stake in McCormick De México to McCormick & Company for $750 million, aimed at enhancing capital efficiency and market position.
Target Company Overview
Grupo Herdez, S.A.B. de C.V. is a leading Mexican food company well known for its sauces and condiments. The company has made a significant impact in the food sector in Mexico, especially with its renowned Herdez brand.
As part of its strategic maneuvers, Grupo Herdez has decided to divest a portion of its stake in McCormick De México S.A. de C.V., strengthening its focus on core operations while capitalizing on market opportunities.
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Industry Overview in Mexico
The Mexican food and beverage industry has shown robust growth, driven by local and international demand for diverse culinary offerings
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Disclosed details
Transaction Size: $750M