Profile: McCormick & Company Inc (MKC.N)
7 Mar 2014
McCormick & Company, Incorporated, incorporated on November 30, 1915, manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry, retail outlets, food manufacturers and foodservice businesses. The Company operates in two business segments: consumer and industrial. The Company’s sales, distribution and production facilities are located in North America and Europe. Additional facilities are based in China, Australia, Mexico, India, Singapore, Central America, Thailand and South Africa. The Company operates in two business segments: consumer and industrial. Its products are sold directly to customers and also through brokers, wholesalers and distributors. In May 2013, the Company has completed its purchase of China's Wuhan Asia-Pacific Condiments Co.
The Company’s brands in the Americas include McCormick, Lawry’s and Club House. The Company also markets brands, such as Zatarain’s, Thai Kitchen and Simply Asia. In Europe, the Middle East and Africa (EMEA) its brands include the Ducros, Schwartz and Kamis brands of spices, herbs and seasonings and a line of Vahine brand dessert items. In the Asia/Pacific region its primary brand is McCormick, with the exception of India where its joint venture owns and trades under the Kohinoor brand. The Company’s customers span a variety of retail outlets that include grocery, mass merchandise, warehouse clubs, discount and drug stores, served directly and indirectly through distributors or wholesalers. In addition to marketing its products to these customers, the Company is also a supplier of private label items, also known as store brands. Approximately half of the Company's consumer business is spices, herbs and seasonings. More than 250 other brands are sold in the United States with additional brands in international markets. The Company's brands reach consumers in more than 110 countries.
In its industrial business, the Company provides a range of products to multinational food manufacturers and foodservice customers. The foodservice customers are supplied both directly and indirectly through distributors. Its range of products include seasoning blends, natural spices and herbs, wet flavors, coating systems and compound flavors.
McCormick & Company Inc
18 Loveton Circle
SPARKS MD 21152