McCormick & Company

McCormick & Company, Incorporated is a global leader in flavor, seasonings and spices with a rich heritage spanning over 135 years. Founded in 1889 by 25-year-old Willoughby M. McCormick in Baltimore, Maryland, the company has evolved from a modest door-to-door operation selling root beer and flavoring extracts into the world's leading manufacturer and distributor of spices, seasonings, condiments, and flavorful products. Today, McCormick operates across 150 countries and territories with approximately 14,100 employees in 27 countries, generating $6.72 billion in annual revenue as of 2024.

The company's competitive advantage stems from its commanding 20% market share of the global seasonings and spices market, making it four times as large as its nearest competitor. In the U.S. specifically, McCormick accounts for an estimated 12.6% of total industry revenue in the Seasoning, Sauce and Condiment Production industry. McCormick's portfolio includes iconic brands such as McCormick, French's, Frank's RedHot, Old Bay, Lawry's, Zatarain's, Cholula, Stubb's, Schwartz, Kamis, Ducros, Vahiné, and many others. The company achieved a significant milestone in 2021 by entering the Fortune 500 for the first time based on its 2020 revenue of $5.6 billion.

McCormick operates through two complementary business segments: Consumer and Flavor Solutions. The Consumer segment serves retail customers with branded products found in grocery stores worldwide, while the Flavor Solutions segment provides customized flavor systems and ingredients to food manufacturers and foodservice operations. This dual-segment approach reinforces the company's differentiation and market leadership. The company's $4.2 billion acquisition of Reckitt Benckiser's Food Division in 2017, which added French's and Frank's RedHot as the second and third largest brands respectively behind the McCormick brand, represented the largest acquisition in company history and significantly expanded its condiments portfolio.

McCormick demonstrates strong commitment to sustainability and corporate responsibility. The company has set ambitious environmental goals, including achieving net zero greenhouse gas emissions across its value chain by 2050, a target validated by the Science Based Targets initiative (SBTi) in 2023. The company also committed to a 42% absolute reduction across Scopes 1, 2, and 3 by 2030. McCormick has been recognized as the world's 22nd most sustainable corporation and No. 1 in Food on the Corporate Knights 2023 Global 100 Sustainability Index. The company's dedication to flavor innovation, strategic acquisitions, sustainable practices, and market leadership positions it for continued growth and success in the global food industry.