Company Description
McCormick is the global
leader in the manufacture,
marketing and distribution of
spices, seasonings and
flavors to the entire food
industry. Customers range
from retail outlets and food
service providers to food
processing businesses.
In addition, our packaging
group manufactures and
markets plastic bottles and
tubes for the food, personal
care and other industries.
Founded in 1889, McCormick
has approximately 9,000
employees. |
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Investment Features |
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leading brands in key markets |
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a majority of the top 100 food processors
are our customers |
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aggressive long-term goals for increased
sales, earnings per share and cash flow |
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effectively managed assets |
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dividends paid every year since 1925 and
16 consecutive years of dividend increases |
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Historical Highlights |
| 1889 |
Founding of McCormick & Co., Inc. |
| 1932 |
Multiple Management business
philosophy established. |
| 1947 |
Acquired Schilling, gaining coast-to-coast
distribution in U.S. Joint venture in Mexico
formed. |
| 1960s |
Acquired Canada's largest spice firm.
Expansion into Australia, industrial
business, real estate business, cake
decorating and packaging business. |
| 1980s |
Acquired leading brand of spices and
seasonings
in the U.K. Established business in China.
Expanded industrial business with
acquisition of Stange and packaging
business with acquisition of Setco.
Sold real estate business. |
| 1990s |
Expanded consumer business through
acquisitions including Golden Dipt® in the
U.S., Keen's in Australia and Butty in
Switzerland. Fierce competitor impacted
financial results in the
mid-1990s, but led to rejuvenation of our
business and improved sales and profits
by 1998. |
| 2000 |
Leading position in Europe gained
through acquisition of Ducros S.A. |
| 2002 |
Began implementation of Beyond 2000
(B2K), a global initiative utilizing
information technology to increase
efficiency and profitability.
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