|Lawrence Kurzius, president and CEO of McCormick|
“We anticipate continued double-digit sales growth for these products that offer consumers a convenient flavor alternative to fresh herbs,” Kurzius said. “Importantly, these closer-to-fresh products are shelved with produce and allow us to participate in this highly trafficked perimeter department."
Gourmet Garden had been nibbling into McCormick’s market share prior to the acquisition, Kurzius said, “So we just acquired that brand."
Earlier this year, McCormick offered to acquire Premier Foods PLC, St. Albans, the United Kingdom, a manufacturer of sweet goods, cooking sauces, flavors and seasonings, and soups. Premier rejected the overture, claiming McCormick’s proposed purchase price undervalued the company, and McCormick ultimately withdrew its bid.