McCormick & Co. Increases Ownership in Mexican Joint Venture McCormick de Mexico to 75%

Acquisition of additional 25% ownership interest for $750 million maintains the partnership with Grupo Herdez but puts McCormick in the driver’s seat for expansion in Latin America.
Jan. 5, 2026
Shutterstock: YusufAslan
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McCormick & Co. Inc. has completed its acquisition of an additional 25% ownership in McCormick de Mexico from Grupo Herdez, according to a release from the company. McCormick now holds a 75% share in the Mexican joint venture that has been in existence since 1947.

McCormick funded the purchase price of $750 million through a combination of cash on hand and commercial paper, the release noted. It expects to use the platform to further expand in Latin America, leveraging expertise in category management, insight-driven innovation and marketing to expand in adjacent categories and increase channel penetration, Brendan Foley, chairman, president and chief executive officer, said.

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Andy Hanacek

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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.

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