McCormick & Company has completed its $4.2 billion acquisition of Reckitt Benckiser’s Food Division.
This concludes the deal which was originally announced back in July.
As part of the deal, McCormick has added a number of new brands to its portfolio. These include: Frank’s RedHot, French’s and Cattlemen’s.
McCormick said these new additions are a “natural strategic fit” with its flavour portfolio.
Lawrence E. Kurzius, McCormick Chairman, President and CEO, said: “The addition of these highly complementary brands will allow McCormick to continue to take advantage of the growing trend toward spicy, flavourful eating with natural, high-quality ingredients and advances our vision to ‘Bring the Joy of Flavor to Life’.”