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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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long-term goals to increase sales 3-7%
and earnings per share 10-12%
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goals to reduce costs $25 million in 2005,
$30 million in 2006
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dividends paid every year since 1925 and
18 consecutive years of dividend increases
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company description
McCormick is a global leader in the manufacture, marketing and distribution of spices, herbs, seasonings and flavors to the entire food industry. Customers range from retail outlets and food service providers to food processing businesses.
Founded in 1889 and built on a culture of Multiple Management, McCormick has approximately 8,000 employees.
strategy for growth
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historical highlights
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| 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. |
| 2003 |
Acquired Zatarain's, the leading U.S. brand of authentic
New Orleans-style food. Also acquired Uniqsauces.
Sold packaging business and a U.K. brokerage business. |
| 2004 |
Acquired Silvo, extending our European consumer
business into the Netherlands with the leading brand. |
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