McCormick Cuts the Mustard, For Now
A bottle McCormick & Co. French's brand organic yellow mustard is arranged for a photograph in Tiskilwa, Illinois, U.S., on Sunday, Sept. 24, 2017. McCormick & Co. is scheduled to release earnings figures on September 28.
Photographer: Daniel Acker/BloombergMcCormick & Co. just proved why it has the industry's zestiest valuation -- it's one of the only major food companies that's still growing. But management at the spice maker has its work cut out for it to keep up its game.
The Sparks, Maryland-based company has long dominated the market for herbs and spices, and also owns Lawry's marinades and Kitchen Basics chicken stock. In August, McCormick completed a $4.2 billion acquisition -- its largest ever -- for Reckitt Benckiser Group Plc's food business to add French's mustard and Frank's RedHot sauce to its stable of brands.