
McCormick de Mexico
Mayonnaise, condiments, spices, and sauces for Mexican consumers.
Date | Investors | Amount | Round |
---|---|---|---|
* | $750m Valuation: $3.0b | Acquisition | |
Total Funding | 000k |
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McCormick de Mexico is a prominent food company and a leading player in the Mexican condiments and sauces market. It was established as a joint venture in 1947 between the U.S.-based McCormick & Company and the Mexican food company Grupo Herdez. In August 2025, McCormick & Company announced an agreement to increase its ownership stake to a controlling 75%.
The company manufactures, markets, and distributes a wide portfolio of products under the McCormick brand, including mayonnaise, spices, marmalades, mustard, hot sauce, and tea. Its flagship product is the "McCormick Mayonesa con Jugo de Limones," a mayonnaise with a hint of lime that has become a household staple in Mexico and is a market leader in its category. This specific product is credited with changing consumer habits in Mexico with its unique recipe. The company serves both retail consumers and foodservice operators, enjoying strong brand loyalty from both.
The business operates as a key part of McCormick's strategy to expand its presence in emerging markets, particularly in Latin America. The venture's annual net sales are approximately $810 million, with expected growth in the mid-single-digit range. The increased ownership by McCormick & Company is intended to leverage its global flavor expertise to drive further growth, expand into adjacent categories, and increase channel penetration in Mexico and greater Latin America. Grupo Herdez will continue to support the venture with its sales and distribution network.
Keywords: mayonnaise, condiments, sauces, spices, Mexican food market, food processing, flavor solutions, retail food products, foodservice, marmalades, mustard, hot sauce, tea, food manufacturing, consumer packaged goods, Latin America market, emerging markets, food distribution, brand loyalty, elote