McCormick to acquire Chinese bouillon manufacturer

摘要

McCormick & Co., Inc. has agreed to buy the assets of Wuhan Asia-Pacific Condiments Co., Ltd., a privately held Chinese manufacturer of DaQiao and ChuShiLe brand bouillon products, for about $141 million. "The addition of W.A.P.C. extends our brand range of flavors in China with bouillon," said Alan Wilson, chairman, president and chief executive officer. "In W.A.P.C.'s top markets, more than half of consumers use chicken bouillon each day at every meal to enhance the flavor of their food. This business is strong in central China, which fits well with McCormick's presence in the coastal regions.