McCormick (MKC) Benefits From Brand Strength & Cost Savings

MKC strategically increased its presence through acquisitions to grow its portfolio. In December 2020, the company bought a 100% stake in FONA International, LLC and some of its affiliates. FONA's diverse portfolio helps McCormick bolster its value-add offerings and expand the flavor solutions segment into attractive categories. In November 2020, the company also completed the acquisition of the parent company of Cholula Hot Sauce — a premium Mexico-based hot sauce brand. It believes that the buyout of Chol ...