Deals
McCormick to Acquire French's Mustard in $4.2 Billion Deal
- Acquisition includes French’s mustard, Frank’s RedHot sauce
- Brands ‘non-core’ to Reckitt Benckiser after baby formula deal
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McCormick & Co. agreed to acquire Reckitt Benckiser Group Plc’s food business for $4.2 billion, adding French’s mustard and Frank’s RedHot sauce to its lineup of spices and seasonings.
The deal brings a stable of well-known condiments to Sparks, Maryland-based McCormick. For Reckitt Benckiser, unloading the products continues an overhaul that began with an expansion into baby formula through the British company’s acquisition of Mead Johnson Nutrition Co. for $16.6 billion.