McCormick (NYSE: MKC) buys extra 25% of McCormick de Mexico for $750M

Rhea-AI Filing Summary

McCormick & Company, Incorporated has completed a major step in its international strategy by acquiring an additional 25% ownership interest in McCormick de Mexico S.A. de C.V. from Grupo Herdez. The joint venture was formed in 1947, and this latest purchase for $750 million gives McCormick a controlling interest in the Mexican business. The company disclosed this transaction through a furnished press release referenced in this report.

Insights

Cross-border M&A and consumer staples analyst

McCormick is paying $750M to gain control of its long-standing Mexican joint venture.

McCormick & Company reports that it has completed the acquisition of an additional $750 million stake, equal to 25% ownership, in McCormick de Mexico S.A. de C.V.. This moves the company from a joint venture position to a controlling interest in a business that has operated since 1947.

Gaining control of a long-established Mexican operation can affect how results from this entity are consolidated and managed. The size of the consideration suggests the business is strategically important within McCormick’s international portfolio, although the excerpt does not quantify its revenue or earnings contribution.

The report frames the news via a furnished press release under Item 7.01, which emphasizes disclosure rather than detailed financial impacts. Future periodic reports covering periods after January 2, 2026 may provide more visibility into how this controlling stake influences segment performance and overall margins.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the SECURITIES EXCHANGE ACT OF 1934

_______________________

Date of Report (Date of earliest event reported):

January 2, 2026

McCormick & Company, Inc.

(Exact name of registrant as specified in its charter)

Maryland			001-14920			52-0408290
(State or other jurisdiction			(Commission			(IRS Employer
of incorporation)			File Number)			Identification No.)
24 Schilling Road			Suite 1
Hunt Valley			MD			21031
(Address of principal executive offices)						(Zip Code)

Registrant's telephone number, including area code:

410 771-7301

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b).

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c).

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock			MKC.V			New York Stock Exchange
Common Stock Non-Voting			MKC			New York Stock Exchange

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01 Regulation FD Disclosure .

The following information is being furnished under Item 7.01 of Form 8-K: Press Release, dated January 2, 2026 announcing that the Registrant completed the acquisition with Grupo Herdez to acquire an additional 25% ownership interest in McCormick de Mexico S.A. de C.V., a joint venture formed in 1947, for $750 million. Furnished with this 8-K as Exhibit 99.1 is a copy of the press release labeled " McCormick Completes Acquisition of Controlling Interest in McCormick de Mexico."

The information in this Item 7.01, including Exhibit 99.1 attached hereto, (i) is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose; and (ii) shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, regardless of any general incorporation language is such filing.

Item 9.01: Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number			Description
99.1			Press Release
104			Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			McCORMICK & COMPANY, INCORPORATED
Date: January 2, 2026			By:						/s/    Jeffery D. Schwartz
									Jeffery D. Schwartz
									Vice President, General Counsel & Secretary

FAQ

What transaction did McCormick (MKC) disclose in this 8-K?

McCormick disclosed that it completed the acquisition of an additional 25% ownership interest in McCormick de Mexico S.A. de C.V., giving it a controlling interest in that company.

How much did McCormick pay for the additional 25% interest in McCormick de Mexico?

McCormick stated that it agreed to acquire the additional 25% ownership interest in McCormick de Mexico for $750 million.

Who was McCormick’s counterparty in the McCormick de Mexico acquisition?

The additional 25% ownership interest in McCormick de Mexico was acquired from Grupo Herdez, McCormick’s joint venture partner.

What is McCormick’s ownership position in McCormick de Mexico after this transaction?

Following the acquisition of the additional 25% ownership interest, McCormick reported that it now holds a controlling interest in McCormick de Mexico S.A. de C.V.

How did McCormick communicate this acquisition to investors?

McCormick furnished a press release dated January 2, 2026 as Exhibit 99.1, titled "McCormick Completes Acquisition of Controlling Interest in McCormick de Mexico," under Item 7.01 Regulation FD Disclosure.

Does this 8-K include detailed financial statements for the McCormick de Mexico acquisition?

The report lists Exhibit 99.1 as a press release and notes that the information under Item 7.01 is being furnished, not filed. The excerpt does not include separate financial statements for the transaction.