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

McCormick & Company (MCK) announced on Thursday an agreement to acquire an additional 25% stake in its McCormick de Mexico ...

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

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