McCormick & Company expands company with the buyout of FONA International
On December 30, 2020, McCormick & Company Inc. (McCormick) announce that the company had just acquired all of the shares belonging to FONA International LLC (FONA) making McCormick the new parent company of FONA. FONA is a company that provides flavors for various food products. With this acquisition, McCormick continues to expand its reach across various markets with the company now having a stronger reach into the flavor industry. This acquisition comes follows the company's history of making high valued acquisitions to expand its product offerings.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.