McCormick & Co. has announced plans to buy Cholula, a popular Mexican hot sauce, for $800 million.
McCormick & Co. has announced plans to buy Cholula, a popular Mexican hot sauce, for $800 million.
McCormick announced Nov. 24 that it had reached an agreement with L Catterton, the private equity fund that bought Cholula in 2019. Cholula will join McCormick’s portfolio of branded products, which includes Frank’s RedHot, another brand of hot sauce.
McCormick estimated Cholula’s sales at about $96 million. Sources told the Wall Street Journal that L Catterton expects to make four times what it had invested in the company.
“Hot sauce is an attractive, high-growth category and, as an iconic premium brand, Cholula is outpacing category growth,” McCormick CEO Lawrence Kurzius said in a statement.
Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...
