McCormick & Company, Inc., Sparks, MD, signed a definitive agreement with Unilever to purchase the assets of Lawry's for $605 million in cash.(MERGERS & ACQUISITIONS)(Brief article)

Food Institute Report, The, November, 2007

MCCORMICK & COMPANY, INC., Sparks, MD, signed a definitive agreement with UNILEVER to purchase the assets of LAWRY'S for $605 million in cash. Lawry's, with annual sales of approximately $150 million, manufactures and sells a variety of marinades and seasoning blends under the Lawry's and Adolph's brands.

The acquisition includes the rights to the brands as well as related inventory and a small number of dedication production lines. It does not include any manufacturing facilities. McCormick & Company, Inc. is the global leader in the manufacture, marketing and distribution of spices, seasonings and flavors to the entire food industry.