Grupo Herdez will retain a 25% stake in McCormick de México while McCormick & Company increases its ownership to 75% in a $750 million deal, enhancing their long-term partnership and market presence.

Target Overview

Grupo Herdez, S.A.B. de C.V. ("Grupo Herdez"), a prominent player in the Mexican food industry, has announced that McCormick & Company will increase its stake in McCormick de México from 50% to 75%. The transaction is valued at $750 million, with Grupo Herdez retaining a 25% stake in McCormick de México. Grupo Herdez will continue to provide vital services, including sales and distribution, through its subsidiaries.

This strategic transaction not only solidifies a 78-year partnership between Grupo Herdez and McCormick & Company but also positions McCormick de México to expand its product portfolio in Mexico and explore new opportunities across the region.

Industry Overview in Mexico

The Mexican food and beverage sector has experienced robust growth, driven by a rising middle class and an increasing inclination towards diverse and premium food products.