McCormick Grabs Polish Spice Co. For $291M

Law360, New York (June 28, 2011, 12:33 PM EDT) -- Maryland-based spice giant McCormick & Co. Inc. said Tuesday it was expanding into Eastern Europe and Russia, where increasingly affluent buyers are ready for new flavors, with the $291 million purchase of Polish seasoning company Kamis SA.

Kamis has 1,250 workers, annual sales exceeding $100 million, a 45 percent share of Poland's spice market and a 30 percent share of its mustard market, McCormick said.

“This acquisition complements McCormick’s strong brands in the U.K., France and other parts of Western Europe, as well as its recently...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.