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McCormick acquires Fona International

The operation is worth 710 million dollars

Fona, which is headquartered in Illinois, has $ 114 million in annual revenues, has 220 employees and has a center dedicated to technology innovation.

McCormick announced the acquisition of Fona International, a natural flavor producer, for $ 710 million. The agreement will expand McCormick's offering, accelerating growth in the flavorings segment and meeting the growing demand for healthy, natural-origin products. Fona, which is headquartered in Illinois, has $ 114 million in annual revenues, has 220 employees and has a center dedicated to technology innovation. McCormick, which specializes in spices, sauces and condiments, had already bought Cholula (producer of the sauce of the same name) in November for 800 million dollars.

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EFA News - European Food Agency
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