Investing.com– McCormick & Firm Integrated (NYSE:) is in talks to amass Sauer Manufacturers Inc from Falfurrias Capital Companions (WA:), Bloomberg reported on Monday night, with the deal more likely to additional McCormick’s share of the condiments market.
A deal might worth Sauer, greatest identified for its Duke’s mayonnaise model, at over $1 billion, the report stated. Talks have been nonetheless ongoing and no deal had been reached, Bloomberg reported, citing individuals with information of the dialogue.
Studies earlier this yr confirmed Falfurrias was considering a sale of Sauer.
McCormick has steadily expanded its share of the condiments market with acquisitions since its founding in 1889. The corporate had in 2020 bought taste maker Fona Worldwide and sizzling sauce agency Cholula for a mixed $1.5 billion.
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