McCormick Acquires Cholula Hot Sauce from L Catterton
November 24, 2020
McCormick & Company agreed to acquire Cholula, a leading hot sauce producer and distributor, from private equity firm L Catterton for $800 million. L Catterton had acquired and transformed Cholula in April 2019, investing behind the brand and commercial capabilities to drive retail and foodservice growth prior to the sale.
- Buyers
- McCormick & Company
- Targets
- Cholula
- Sellers
- L Catterton
- Industry
- Food & Beverage
- Location
- Jalisco, Mexico
- Transaction Type
- Buyout
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