McCormick Completes Acquisition of Thai Kitchen(R) and Simply Asia(R) Brands
SPARKS, Md., June 27, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- McCormick & Company, Incorporated (NYSE: MKC) today announced that it has completed the purchase of the assets of Epicurean International for $97 million in cash.
Robert J. Lawless, Chairman, President & CEO of McCormick, stated, "We have gained a strong foothold in the Asian food category with the addition of the Thai Kitchen(R) and Simply Asia(R) brands. Since 2002, sales have grown at a compound annual rate of 32% and have reached $50 million. We welcome the Epicurean employees and look forward to working together on the future expansion of this business."
Epicurean Information
A fact sheet on Epicurean International can be found on McCormick's website at ir.mccormick.com.
About McCormick & Company, Incorporated
McCormick & Company, Incorporated is the global leader in the manufacture, marketing and distribution of spices, seasonings and flavors to the entire food industry - to foodservice and food processing businesses as well as to retail outlets.
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Corporate Communications:
John McCormick
410-771-7110
john_mccormick@mccormick.com
Investor Relations:
Joyce Brooks
410-771-7244
joyce_brooks@mccormick.com
both of McCormick & Company, Incorporated