McCormick (MKC), maker of a wide variety of spices and condiments, is reportedly in talks to acquire Sauer Brands for north of $1 billion from its current owner, Falfurrias Capital Partners, according to a Monday evening report from Bloomberg.
Sauer has its own line of spices, and is best known for its Duke's brand of mayonnaise and other condiments. The spices and condiment maker was acquired by the private equity firm Falfurrias in 2019.
Reuters reported in April, citing people familiar with the matter, that the private equity firm was considering a sale of the brand. Bloomberg, also citing people familiar, reported Monday that McCormick is now in talks to acquire the brand in a deal likely valuing the company at over $1 billion, though nothing has been finalized.
McCormick and Falfurrias did not immediately respond to a request for comment Tuesday morning.
McCormick's products range well beyond its namesake line of spices and seasonings, as it also owns several condiment brands like French's mustard, Frank's Red Hot, and Cholula hot sauce.
McCormick shares were little changed Tuesday morning, and have gained about 17% since the start of the year.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。