Spice Maker McCormick Reportedly in Talks to Buy Duke's Mayo Parent Sauer Brands

Key TakeawaysBloomberg reported Monday night that spice maker McCormick is in talks to acquire Sauer Brands, another food company.Sauer is best known for its Duke's Mayonnaise brand, and the deal could value Sauer at over $1 billion, Bloomberg reported.Sauer's private equity parent Falfurrias Capital Partners acquired the brand in 2019, and Reuters reported in April that it was considering a sale of the brand. McCormick (MKC), maker of a wide variety of spices and condiments, is reportedly in talks to acqui ...