McCormick said it completed the acquisition of an additional 25% interest in McCormick de Mexico from Grupo Herdez on January 2, 2026, raising its ownership to 75%. McCormick de Mexico is a joint venture formed in 1947.

1. 01

   McCormick said it completed the acquisition of an additional 25% interest in McCormick de Mexico from Grupo Herdez on January 2, 2026, raising its ownership to 75%. McCormick de Mexico is a joint venture formed in 1947.

2. 02

   The company said it funded the $750 million purchase price with cash on hand and commercial paper. The agreement was announced on August 21, 2025.

3. 03

   The company said it expects the transaction to be accretive to net sales, adjusted operating margin and adjusted earnings per share in 2026. It said adjusted metrics exclude transaction and integration costs. It also said it expects minimal impact on the Net Debt to Adjusted EBITDA ratio.

4. 04

   The company said it plans to build on the expanded ownership by expanding into adjacent categories and increasing channel penetration. It also said it will provide guidance for fiscal 2026, including the acquisition, on its January 22, 2026 Q4 earnings call.

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Original filing

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