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McCormick Acquires Italian Flavor Company for $127 Million
McCormick & Company Inc., has agreed to acquire Enrico Giotti SpA (Giotti), an Italian manufacturer of natural flavors, aromatic herbal extracts and concentrated juices, for US$127 million in cash. The acquisition, expected to close this month, expands the breadth of value-added products for McCormick’s industrial segment including additional expertise in flavoring health and nutrition products. Giotti is known for its innovative beverage, sweet, savory and dairy flavor applications.
December 1, 2016
1 Min Read
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McCormick & Company Inc., has agreed to acquire Enrico Giotti SpA (Giotti), an Italian manufacturer of natural flavors, aromatic herbal extracts and concentrated juices, for US$127 million in cash. The acquisition, expected to close this month, expands the breadth of value-added products for McCormick’s industrial segment including additional expertise in flavoring health and nutrition products. Giotti is known for its innovative beverage, sweet, savory and dairy flavor applications.
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