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McCormick Lifts Stake in McCormick de México to 75% in $750 Million Deal

Herdez casts the sale as a portfolio reset to improve returns.

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Overview

  • Grupo Herdez will retain a 25% interest and continue providing sales and distribution services through its subsidiaries.
  • The companies expect closing in early 2026 subject to customary conditions.
  • Herdez shares jumped roughly 25%–31% on the Mexican exchange after the announcement, triggering a brief trading suspension.
  • McCormick de México generated $892 million in sales and $185 million in EBITDA in the 12 months ended June 30, 2025, according to Herdez’s consolidated results.
  • Company statements say the rebalanced partnership positions McCormick de México to deepen its product lineup in Mexico and pursue additional regional opportunities.