McCormick & Company, Incorporated is a global leader in flavor. With $4.4 billion in annual sales, the company manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry – retail outlets, food manufacturers and foodservice businesses.
We operate in two business segments, consumer and industrial. Demand for flavor is growing globally, and across both segments we have the customer base and product breadth to participate in all types of eating occasions. Our products deliver flavor when cooking at home, dining out, purchasing a quick service meal or enjoying a snack. We offer our customers and consumers a range of products from premium to value-priced.
From locations around the world, our brands reach consumers in approximately 150 countries and territories. McCormick is also the leading supplier of private label items, also known as store brands. Consumer segment sales are driven by product innovation, effective marketing, expanded distribution and acquisitions. In our industrial business, we provide a wide range of products to multinational food manufacturers and foodservice customers. Our range of products remains one of the broadest in the industry and includes seasoning blends, spices and herbs, condiments, coating systems and compound flavors. In addition to a broad range of flavor solutions, we strive to achieve customer intimacy. Our customers benefit from our expertise in many areas, including sensory testing, culinary research, food safety and flavor application.
Our strategy is to increase sales and profits by investing in the business, and fueling this investment through our Comprehensive Continuous Improvement program - CCI. With a solid balance sheet and strong cash flow, we have paid dividends every year since 1925 and increased dividends annually in each of the last 31 years.
With McCormick's team of approximately 11,000 employees and our winning growth strategy, we are well-positioned to continue to deliver high performance and increase shareholder value.