McCormick & Company Acquiring Reckitt Benckiser’s Food Business for $4.2 Billion
July 19, 2017
Cleary Gottlieb is representing McCormick & Company in its acquisition of the food business of British conglomerate Reckitt Benckiser Group Plc for $4.2 billion in cash.
The Reckitt Benckiser food business is comprised of the French’s, Frank’s RedHot, Cattlemen’s and Tiger’s Milk brands; French’s brand mustard is the best-selling mustard in the United States.
The transaction, which was announced on July 18, 2017, was completed on August 17, 2017.
For more details, please see the official press release here.