Spice maker McCormick & Co. Inc. has announced it will buy French's Mustard for more than $4 billion. The Baltimore-based company said Tuesday it will acquire the French's, Frank's Red Hot Sauce and Cattlemen's brands from British food company Reckitt Benckiser. The acquisition of French's and "other beloved products enables McCormick to become a one-stop shop for … [Read more...]
Reckitt Benckiser pays $16.6 billion dollars for Mead Johnson
Reckitt Benckiser acquired the American producer of baby food Mead Johnson for $16.6 billion dollars, in a transaction which would lead the British Group in a new direction and it would increase the business in the emerging markets, informs Reuters. Reckitt Benckiser, which produces things like the Nurofen tablets, the deodorant Air Wick and the condoms Durex, announced that it … [Read more...]