McCormick acquires FONA International for $710M | 2021-01 ... - McCormick & Co., Inc. has acquired FONA International, LLC, Geneva, Ill., for $710. Financial Terms . McCormick has acquired Fona International, a manufacturer of clean and natural flavours for the food, beverage and nutritional markets, for $710m. McCormick (MKC) Continues Buyout Spree, Buys FONA for $710M McCormick has. It will create an additional 15,600-square-feet of manufacturing space for FONA, which was bought by McCormick & Co. in late 2020. HUNT VALLEY MD. 05 Jan 2021 --- Global flavor and seasoning player McCormick & Company has acquired a 100 percent share of FONA International, an independent manufacturer of flavors, focusing on nutritional and natural products for the food, beverage and nutritional markets. McCormick Acquires FONA International And Some Affiliates According to a release, those numbers are expected to grow at a mid-to high-single- digit rate. The transaction is expected to be . FONA's annual sales are approximately $114 million and are expected to grow at a mid-to high-single-digit rate. Judie Bizzozero | Jan 04, 2021 McCormick acquires Cholula hot sauce brand for $800 million McCormick acquires Fona International The operation is worth 710 million dollars. McCormick Acquires FONA International And Some Affiliates. 6. - McCormick & Co.'s acquisition of FONA International, LLC, Geneva, Ill., will enhance the company's Flavor Solutions business unit, which provides flavors and flavor technologies to consumer packaged goods manufacturers and foodservice companies. Hunt Valley / MD. FONA International headquarters in Geneva, Illinois. McCormick Acquires Flavor Maker Fona International for $710M. The FONA acquisition is the second significant transaction McCormick has made during the past two months. Flavor Supplier FONA Acquired By McCormick & Co. - NCA McCormick has acquired the business for $710 million in cash. In December 2020, McCormick bought a 100% stake in FONA International, LLC and . McCormick (MKC) Continues Buyout Spree, Buys FONA for ... McCormick Buys Flavor Maker FONA for $710M | Food ... Read more about McCormick Completes Acquisition of Cholula Hot Sauce; McCormick Recommends Stockholders Reject "Mini-Tender" Offer by TRC Capital Investment Corporation. McCormick acquires 100% shares of FONA International - McCormick & Co., Inc. has acquired FONA International, LLC, Geneva, Ill., for $710 million in cash. McCormick & Co. acquired FONA on Dec. 30 for $710 million. Despite declining sales in 2020, McCormick acquired Cholula, a well-known spicy sauce company, in November 2020, and FONA, a prominent developer of clean and natural flavors, in December 2020. McCormick & Co. Inc., a global leader in flavor, has purchased 100 percent of the shares of FONA International LLC and certain shares of its affiliates. Furnished with this 8-K as Exhibit 99.1 is a copy of the press release labeled "McCormick Acquires FONA International, LLC." Headquartered in Illinois, FONA has a state-of-the art manufacturing and technical innovation center, and employs approximately 220 workers. Jan 1, 1991. McCormick has purchased 100% of FONA for $710 million on a cash free, debt free basis, subject to customary working capital adjustments. McCormick plans to retain the FONA brand. McCormick Acquires FONA International Jan 4th, 2021 Alex Mackenzie FONA International McCormick has acquired FONA International for $710 million in cash. For the third quarter of 2021, both at-home and away-from-home products contributed equally to revenue growth. McCormick has acquired FONA for $710 million. McCormick Acquires FONA International, LLC | News | wfmz.com McCormick Acquires Ingredient Manufacturer FONA The purchase will strengthen McCormick's portfolio in some . HUNT VALLEY, MD. McCormick Accelerates Flavor Growth and Strengthens its Leadership in Clean and Natural Flavors. (mcc) McCormick + Company Inc., a global leader in flavour, announced that it has purchased 100 percent of the shares of Fona International LLC and certain of its affiliates (Fona), a privately held company. Lawrence E. Kurzius, Chairman, President and Chief Executive Officer said, "The acquisition of FONA reinforces McCormick's global growth strategy as FONA expands the breadth of our flavor solutions segment into attractive categories, as well as extends our technology platform and . McCormick also expects the transaction to be neutral to adjusted earnings per share in 2021 and accretive in 2022, excluding transaction and integration costs. FONA is a manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets. Dec 30, 2020 at 10:07 AM McCormick & Co. Inc. has acquired natural flavorings company FONA International for $710 million in cash, a move expected to strengthen the Hunt Valley spice maker's. McCormick Acquires FONA International, LLC. McCormick has entered into a definitive agreement to acquire 100% of the parent company of Cholula for $800 million on a cash free, debt free basis, subject to customary working capital adjustments. January 4, 2021 KEYWORDS acquisitions / Flavor companies / Flavor supplier / FONA Order Reprints No Comments McCormick & Company, Inc. Acquires FONA International, LLC. McCormick has acquired Fona International, a manufacturer of clean and natural flavours for the food, beverage and nutri. Drogheria & Alimentari. McCormick acquires FONA International for $710M in cash Dec. 30, 2020 7:43 AM ET McCormick & Company, Incorporated (MKC) MKC By: Khyathi Dalal , SA News Editor 11 Comments Flavor Supplier FONA International Expanding Chicago-Area Plant. 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