Grupo Herdez plans to sell a 25% stake in McCormick de México to McCormick & Company for $750 million, aimed at enhancing its financial position and streamlining operations.

Target Company Overview

Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez” or the “Company”) is a prominent player in the food industry in Mexico, primarily recognized for its sauces and traditional Mexican culinary products. As of November 18, 2025, the Company has announced its intention to sell 25% of its stake in McCormick de México S.A. de C.V. to McCormick & Company for a total consideration of $750 million. Following this transaction, Grupo Herdez will no longer consolidate McCormick de México's financial results into its own.

The sale will not only allow Grupo Herdez to optimize its capital structure but also enable the company to focus on its core business operations. The proceeds from this divestiture will be utilized for various corporate purposes, including asset acquisitions, debt refinancing, and dividend distributions.

Industry Overview in Mexico

The food sector in Mexico has shown substantial growth in recent years, driven by increased consumer spending and a rising demand for traditional and convenience foods. The country's rich culinary heritage has led to a robust market fo