McCormick & Co. Inc. was willing to pay more than its competitors to acquire the maker of Frank’s RedHot sauce and French’s mustard because of the opportunity to become a “one-stop shop” for spices, seasonings and condiments. Sparks-based McCormick announced late Tuesday it will acquire the food division of British consumer goods company Reckitt Benckiser Group Plc in a $4.2 billion deal, the biggest acquisition in the company’s 128-year history. McCormick CEO Lawrence Kurzius said in a conference…
from http://www.bizjournals.com/baltimore/news/2017/07/19/mccormick-ceo-says-4-2b-deal-for-franks-frenchs.html?ana=RSS%26s=article_search
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