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McCormick buys Illinois flavoring company


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Tyler Waldman, WBAL NewsRadio 1090 and FM 101.5
McCormick & Company on Wednesday announced it has acquired Illinois flavoring company FONA International in a $710 million deal.
FONA s portfolio is highly complementary to McCormick s and will provide our customers with an even more comprehensive product offering to meet the growing demand for clean and flavorful eating, drinking and nutrition experiences, Lawrence E. Kurzius, McCormick s chairman, president and CEO, said in a statement.
The all-cash agreement is the latest in a string of acquisitions for the Hunt Valley company. In November, McCormick bought the Cholula Hot Sauce brand. In recent years, the company has also brought brands like French s and Frank s RedHot under its umbrella. ....

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