Benzinga | Nov 24, 2020 06:04AM EST

McCormick To Acquire Cholula For $800M In Cash

HUNT VALLEY, Md., Nov. 24, 2020 /PRNewswire/ -- McCormick & Company Inc. (NYSE:MKC) (the "Company"), a global leader in flavor, today announced that it has signed a definitive agreement to acquire the parent company of Cholula Hot Sauce(r), a premium hot sauce brand that delivers authentic Mexican flavor, from L Catterton, for $800 million in cash.