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McCormick Acquires Australian Chilled Herb Maker

April 19, 2016: 12:00 AM EST
Spices and seasonings maker McCormick has purchased all of the shares of Australia’s Botanical Food Company, a manufacturer of packaged fresh herbs. Annual sales of the Gourmet Garden brand are about $53 million and growing at a double-digit rate. McCormick plans to drive sales of the  brand by expanding global distribution and marketing. The company paid $114 million in cash for Botanical Food, which was founded in 1999 in Queensland.
"McCormick & Company Acquires Botanical Food Company, a Global Leader in Chilled Convenient Herbs", News release, McCormick & Co., April 19, 2016, © McCormick & Co.
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