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McCormick & Co. announced it is paying Grupo Herdez $750 million for an additional 25% ownership interest in McCormick de Mexico, a joint venture formed in 1947. This increases McCormick's ownership to 75%.
FONA International, a subsidiary of McCormick & Company, broke ground on a 15,600 sq. ft. expansion at its facility in Geneva, Illinois on November 15, 2021. The multimillion-dollar project will add manufacturing space and create jobs.