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Mar 27, 2012

McCormick’s profit slips in 1st quarter

McCormick & Co. Inc., of Sparks, an international producer of spices, seasonings, flavorings and specialty foods, reported net income for its fiscal first quarter ending Feb. 29 of $74.5 million, or 55 cents per diluted share, versus $76.8 million, or 57 cents per share, in the prior-year period. Revenue totaled $906.7 million in this year’s […]

Sep 8, 2011

McCormick & Co. closes on $286M Kamis acquisition

SPARKS — Spice and seasonings maker McCormick & Co. has completed its $286 million buyout of Polish spice company Kamis S.A. McCormick said Thursday that it hopes to build the Kamis brand and continue to run its plant near Warsaw. The company anticipates profits from privately held Kamis to add about 6 percent per share […]

Jun 30, 2011

McCormick & Co. 2Q profit up, cuts 2011 outlook

McCormick & Co.’s second-quarter profit rose 11 percent as higher prices helped boost revenue. But the spice and seasonings maker lowered its fiscal 2011 earnings guidance Thursday because of costs related to an acquisition and joint venture. McCormick & Co. reported net income of $73.6 million, or 55 cents per share, for the three months […]

Jun 28, 2011

McCormick & Co. buying Kamis for $291M

Spice and seasonings maker McCormick & Co. Inc. said Tuesday that it is buying Polish spice company Kamis S.A. for about $291 million. Privately held Kamis distributes in Russia and other parts of Central and Eastern Europe. McCormick executives said that the deal will expand its reach in Western Europe into Poland as well as […]

Jun 1, 2011

McCormick & Co. to spice up India-based Kohinoor Foods

McCormick & Co. Inc. of Sparks, an international producer of spices, seasonings, flavorings and specialty foods, said Wednesday it has signed a joint venture agreement with Kohinoor Foods Ltd. to market and sell its basmati rice and food products in India. McCormick will invest a total of $115 million, which includes an 85 percent stake […]

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