Overview

• McCormick & Company will raise its ownership of McCormick de México from 50% to 75% by purchasing half of Grupo Herdez’s stake for $750 million.
• The companies framed the agreement as reinforcing a 78-year partnership that aims to expand the product portfolio in Mexico and explore regional opportunities.
• Grupo Herdez will remain a minority partner at 25% and will keep providing commercial services through its subsidiaries.
• The transaction is subject to customary closing conditions, with completion expected in early 2026.
• Herdez shares jumped following the announcement, with reports citing gains of up to 25% and a brief BMV trading halt, though initial figures differed by outlet.