Mexican food firm Grupo Herdez' stock jumps after McCormick investment plans
ReutersAug 21, 2025 2:25 PM
MEXICO CITY, Aug 21 (Reuters) - Shares in Mexican food distributor Grupo Herdez HERDEZ.MX shot up 20% on Thursday, on track for their best day ever and triggering a brief trading suspension after McCormick MKC.N said it would raise its stake their joint venture.
They Maryland-based condiments maker had earlier in the day said it would raise its stake to 75% by acquiring 25% more for $750 million as it seeks to expand further in Latin America.
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