McCormick is paying $750 million to take control of McCormick de Mexico, a joint venture formed in 1947 with Grupo Herdez. McCormick on Thursday said it will acquire an additional 25% interest in the ...

The spice giant will become the majority owner of a joint venture in Mexico as it sees strong demand for mayonnaise.

McCormick & Co. has acquired a majority stake in its Mexican joint venture from Grupo Herdez for $750 million, expanding its ...

McCormick said on Thursday it will raise its stake in its Mexico joint venture to 75% by acquiring 25% more for $750 million ...

McCormick said on Thursday it will raise its stake in its Mexico joint venture to 75% by acquiring 25% more for $750 million ...

The American company is paying $750 million for an additional 25% of the joint venture the two companies formed in 1947.

With the deal, McCormick will have a controlling interest in a joint venture it started in Mexico more than 75 years ago.