Davis Polk advised McCormick & Company Inc. in connection with its $710 million acquisition of FONA International, LLC. The transaction is subject to customary working capital adjustments.
With over $5 billion in annual sales across 160 countries and territories, McCormick manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry, including ecommerce channels, grocery, food manufacturers and foodservice businesses. FONA is a leading manufacturer of clean and natural flavors providing solutions for a diverse customer base across various applications for the food, beverage and nutritional markets.
The Davis Polk corporate team included partner John D. Amorosi and associates Francesca Campbell and Mari Foster. The tax team included partner William A. Curran and associate Rebecca A. Rosen. Associates James (Chih-Kai) Lin provided executive compensation advice. Partner Frank J. Azzopardi and associate Christopher C. Woller provided intellectual property advice. The environmental team included associate Michael Comstock. The real estate team included associate Edward Peck. Members of the Davis Polk team are based in the New York and Washington DC offices.