MCCORMICK & CO INC

McCormick is a global leader in flavor, manufacturing, marketing, and distributing herbs, spices, seasoning mixes, condiments, and other flavorful products. The company serves the entire food and beverage industry, including retailers, food manufacturers, and foodservice businesses. McCormick also participates in joint ventures involved in manufacturing and selling flavorful products, with McCormick de Mexico being the most significant. On January 2, 2026, McCormick completed the purchase of an additional 25% ownership interest in McCormick de Mexico for $750 million, increasing its ownership to a 75% controlling interest. McCormick de Mexico is a prominent food company in Mexico, offering a broad portfolio including mayonnaise, spices, marmalades, mustard, hot sauce, and tea, sold under McCormick brands. McCormick's major sales, distribution, and production facilities are located in North America, Europe, and China, with additional facilities in Australia, Central America, Thailand, and South Africa. The company operates in two business segments: Consumer and Flavor Solutions. Products are designed to deliver flavor for cooking at home, dining out, quick service restaurant meals, or snacks, ranging from premium to value-priced. These products also address demand for attributes such as clean-label, organic, natural, reduced sodium, gluten-free, and non-GMO. The Consumer segment has a higher overall profit margin than the Flavor Solutions segment. In 2025, the Consumer segment contributed approximately 58% of consolidated net sales and 67% of consolidated operating income, while the Flavor Solutions segment contributed approximately 42% of consolidated net sales and 33% of consolidated operating income. The Consumer segment's brands reach consumers in approximately 150 countries and territories globally.