McCormick in talks to buy Duke’s Mayo owner Sauer for $1 bln- Bloomberg

Investing.comDec 17, 2024 3:20 AM

View all comments（0）



Investing.com-- McCormick&Company Incorporated (NYSE:MKC) is in talks to acquire Sauer Brands Inc from Falfurrias Capital Partners (WA:CPAP), Bloomberg reported on Monday evening, with the deal likely to further McCormick’s share of the condiments market.

A deal could value Sauer, best known for its Duke’s mayonnaise brand, at over $1 billion, the report said. Talks were still ongoing and no deal had been reached, Bloomberg reported, citing people with knowledge of the discussion.

Reports earlier this year showed Falfurrias was contemplating a sale of Sauer.

McCormick has steadily expanded its share of the condiments market with acquisitions since its founding in 1889. The company had in 2020 purchased flavor maker Fona International and hot sauce firm Cholula for a combined $1.5 billion.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Micron (MU) Hits $1,000 on Three Catalysts - Google Capex, Vera Rubin, NAND Shortage

TradingKey - Micron rose 4% to $1,000 on Thursday driven by Google and Tesla's massive AI capex confirming memory demand, Nvidia's Vera Rubin boosting HBM requirements, and TrendForce flagging a NAND shortage. At $996, $992 resistance has been cleared.

Japan and South Korea Stocks Open Lower, KOSPI Drops Over 3%, SoftBank Falls Over 5%, SK Hynix and Kioxia Fall Nearly 4%

TradingKey - In early Asian trading on July 24, Japanese and South Korean stock markets opened lower and continued to decline. Influenced by the sharp overnight pullback in US stocks and escalating geopolitical risks in the Middle East, market risk-off sentiment has risen markedly.

Bitcoin at $65K vs. October’s $126K All-Time High: Is a 50% Drawdown a Buy Signal in 2026?

Bitcoin has dropped 50% from its $126K all-time high down to $64K. Explore why options data suggests this correction might be a prime buy signal.

Intel Q2 Net Profit Swings to Profit YoY, Adjusted EPS Doubles Estimates: Revenue Up 25%, After-Hours Shares Rise Over 13%

Intel (INTC) released its second-quarter 2026 financial results after the U.S. market close on July 23, Eastern Time. As of press time, the stock rose 12.44% to $112.7. During the period, Intel's revenue increased by 25% year-on-year to $16.128 billion, significantly exceeding the market expectation of $14.42 billion by approximately 12%. CEO Lip-Bu Tan stated that this marked the company's strongest quarterly revenue growth in over fifteen years, driven by increased speed, stronger execution, and customer focus.

Intel (INTC) Q2 2026 Earnings: What the Results Mean for the Stock

Intel reported Q2 2026 earnings after the close on July 23. Revenue, EPS, Data Center growth, and the first 18A external foundry revenue update. Here is what the numbers say and where INTC goes next.

Featured Tools