Bloomberg: McCormick & Co. Eyes Acquisition of Sauer Brands
Manufacturers of spices, herbs, mixes and sauces — as well as Duke’s mayonnaise — would be sold from private-equity firm Falfurrias Capital Partners, if an agreement were reached.
According to Bloomberg, McCormick & Co. has entered into talks to acquire Sauer Brands Inc., the makers of Duke’s mayonnaise, from private-equity firm Falfurrias Capital Partners.
McCormick & Co. did not comment on the information to Bloomberg, but the news outlet’s sources said Sauer could end up valued at more than $1 billion, if a deal should be reached. Sauer Brands owns regional favorite mayonnaise brand Duke’s, but also carries a wide variety of spices, herbs, mixes and sauces, among other items, sold in retail for at-home cooks.
Falfurrias acquired Sauer Brands in 2019 (though it was known as C.F. Sauer Co. at that time), and reportedly began exploring a sale of the company earlier this year.
Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.
