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McCormick Acquires FONA International, LLC
McCormick Accelerates Flavor Growth and Strengthens its Leadership in Clean and Natural Flavors
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HUNT VALLEY, Md., Dec. 30, 2020 /PRNewswire/ McCormick & Company Inc. (NYSE: MKC) (the Company ), a global leader in flavor, today announced that it has purchased 100% of the shares of FONA International, LLC and certain of its affiliates ( FONA ), a privately held company. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. McCormick has acquired the business for $710 million in cash.