McCormick to buy hot-sauce maker Cholula for $800 mln

Nov 24 (Reuters) – McCormick & Co Inc said on Tuesday it has agreed to buy hot-sauce maker Cholula from private equity firm L Catterton for $800 million, as the spice maker looks to cash in on robust demand for packaged foods during the COVID-19 pandemic. (Reporting by Praveen Paramasivam in Bengaluru; Editing by Aditya Soni)

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