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Geneva flavor company FONA, which just gave staff big bonuses, being sold to McCormick
FONA International, at 1900 Averill Road in Geneva, is being sold to McCormick & Co. spice company. John Starks | Staff Photographer FONA International owners Joe and Mary Slawek have sold the Geneva-based flavorings company to McCormick. courtesy of Greenroom creative, November 2020 Marysa Colarusso, left, Molly Zimmerman, Nancy Belteton, Jessica Lopez and Robin Prazak celebrate a bonus they received from FONA International. In November, the company gave employees $2,500 for every year of service. courtesy of Greenroom Creative
Updated 12/30/2020 4:53 PM Geneva-based FONA International, a flavorings company that recently bestowed big surprise bonuses on all its workers, is being sold to spice giant McCormick & Co. Inc. ....
McCormick Acquires FONA International, LLC McCormick Accelerates Flavor Growth and Strengthens its Leadership in Clean and Natural Flavors News provided by Share this article Share this article 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. ....
Print 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. ....
McCormick acquires natural flavorings company FONA International for $710 million baltimoresun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from baltimoresun.com Daily Mail and Mail on Sunday newspapers.