McCormick & Co Inc Ordinary Shares (Non Voting)

MKC: XNYS (USA)
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McCormick: Enhanced Stake in Mexico Serves Up Attractive Growth Prospects; Shares a Touch Heated

McCormick is acquiring an additional 25% stake in its Mexican joint venture, which will bump its ownership to 75%. The price tag attributable to the incremental position is $750 million, which equates to 12 times on an EBITDA basis. The deal is expected to close in early 2026.

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