McCormick heats up condiment offerings with $800M acquisition

McCormick and Co. has entered into an agreement to acquire the parent company of Cholula Hot Sauce for $800 million, the company announced Monday.  The Hunt Valley-based spices and seasonings company will purchase Cholula from Connecticut-based private equity firm L Catterton, which has owned the hot sauce brand since April 2019. With the latest acquisition, McCormick ...

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