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Sparks, Md.-based McCormick & Co. said it's looking for acquisitions in India, China and Eastern Europe. Only six months ago, the seasonings retail giant completed its largest ever acquisition -- the $604 million deal for Lawry's from Unilever. Six months before that, it acquired Billy Bee Honey Products Ltd. for...
Posted on February 19, 2009 4:35 PM
Spicemaker McCormick & Co. last week closed on its $604 million acquisition of Lawry's from Unilever, the biggest deal in the company's history. As reported in the Baltimore Sun, plans call for stepped-up marketing, new Lawry's products and capital investment to manufacture Lawry's products at McCormick facilities in Maryland and...
Posted on August 4, 2008 9:55 AM
If deal volume is an indication of skill, then Unilever NV would be a standout in the sport of brand swapping. The Anglo-Dutch giant, which owns a thick portfolio of brands from soup to soaps, has completed three substantial divestitures in the past two weeks. It sold its Bertolli oil...
Posted on July 30, 2008 4:35 PM
It's not unusual for a big company divesting a unit to retain a stake in it, and thus a piece of the value that the new and presumably more focused owner hopes to bring to the business. Unilever's deal Monday to sell its North American laundry brands to Vestar Capital...
Posted on July 29, 2008 10:14 AM
Unilever's divestiture of its Bertolli olive oil and vinegar business to Spain's Grupo SOS for $998.4 million is part of a massive global restructuring that's been underway since 2004. Now four years and counting may seem like a very long time to be restructuring a business. But when the company...
Posted on July 21, 2008 4:00 PM
There's a bull market in divestitures these days. Major companies such as General Electric Co., Del Monte Foods Co. and Unilever Group have well-known business units on the block, and many lower-profile sales are in the works as well. Unfortunately, not all of these transactions will go as smoothly...
Posted on June 1, 2008 4:00 PM
Like every big consumer products company, Unilever plc cares about innovations in the fast-growing health and wellness sector. Like some of its rivals (such as Nestlé SA), it does corporate venture capital investing to stay wired into what's happening there. But it has developed its own model for VC investing,...
Posted on March 12, 2008 8:21 AM
Less than a month after reporting that it exceeded goals for sales and profit growth in 2007, McCormick & Co. has shelled out $75 million in cash for Billy Bee Honey Products Ltd. Billy Bee is Canada's largest honey business. Buying leading brands is McCormick's acquisition strategy, says president and...
Posted on February 21, 2008 12:21 PM
Corporations generally do venture investing for strategic reasons -- basically, to stay in touch with innovations in their industries, many of which are taking place outside their own organizations. Inevitably there's a tension...
Posted on February 7, 2008 3:38 PM
As Unilever plc's huge restructuring plan moves forward, the Anglo-Dutch food group is also focusing on strengthening its core competencies. That's why it's acquiring Inmarko, No. 1 in Russian ice cream in terms of volume and sales. The target has annual sales of nearly $170 million. The company, which employs...
Posted on February 5, 2008 1:27 PM
When an established wine company wants a new brand to strengthen its portfolio, it is often easier to buy than blend. It can take years to produce a quality vineyard, and even when bottles are on store shelves, new wines face such illustrious competition as Château Lafite Rothschild, Stag's...
Posted on December 15, 2005 4:36 PM
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