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McCormick Takes Majority Control in Mexico JV: Growth Lever in 2026?
ZACKS· 2026-01-06 17:10
Key Takeaways MKC acquired an additional 25% of McCormick de Mexico for $750M, raising its ownership stake to 75%.The deal gives MKC majority control, strengthening its Mexico presence and global flavor leadership.Management expects the deal to boost revenues, margins and earnings in 2026, excluding integration costs.McCormick & Company, Inc. ((MKC) has completed the acquisition of an additional 25% ownership interest in McCormick de Mexico, increasing its stake to 75%, gaining majority control of the long- ...