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McCormick Nears Deal to Buy Hot-Sauce Maker Cholula

McCormick Nears Deal to Buy Hot-Sauce Maker Cholula

McCormick & Co. is nearing a deal to buy hot-sauce maker Cholula, according to people familiar with the matter, seeking to capitalize on demand fo

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McCormick & Co. is nearing a deal to buy hot-sauce maker Cholula, according to people familiar with the matter, seeking to capitalize on demand for spicy condiments.

The seasonings company is discussing a deal with L Catterton, the private-equity firm that has owned Cholula since 2019, that would value it at around $800 million, the people said.

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This post first appeared on wsj.com

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