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Mexico City., August 21, 2025 – Grupo Herdez, S.A.B. de C.V. (MSE:HERDEZ) announced today that McCormick & Company will increase its ownership stake in McCormick de México from 50% to 75% for a transaction value of US$750 million. Grupo Herdez will retain a 25% equity interest in McCormick de México and will continue to provide services including sales and distribution through its subsidiaries.

This transaction further builds upon the 78-year partnership between Grupo Herdez and McCormick & Company, paving the way for McCormick de México to increase its product portfolio depth in Mexico and pursue new endeavors in the region.

McCormick de México’s net sales and EBITDA consolidated into Grupo Herdez’s income statement for the last 12 months ended June 30, 2025 were US$892 and US$185 million, respectively.

This agreement is expected to enhance Grupo Herdez’s shareholders’ returns, enabling the company to pursue other strategic opportunities, while continuing its portfolio reconfiguration.

“We are very excited about this next step in the evolution of our 78-year partnership with McCormick & Company”, said Héctor Hernández-Pons Torres, Chairman and CEO of Grupo Herdez. “This transaction will allow Grupo Herdez to continue participating in future growth opportunities while preserving our scale and depth in the Mexican market.”

“Our long-standing partnership with Grupo Herdez has been very successful and, for three generations, the team has done a tremendous job making the McCormick brand one of the most relevant among Mexican consumers,” said Brendan Foley, CEO of McCormick & Company. “We look forward to continuing our collaboration and building on our shared success.”

The transaction is expected to close early in 2026, subject to customary closing conditions.

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Grupo Herdez 2019

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2020

2020

  • 2020: In collaboration with La Costeña® and Sanfer®, we delivered 35,000 basic food baskets to benefit more than 175,000 Mexicans affected by the COVID-19 health contingency.

    We launched the first edition of Semillero Nutrisa®, a program to support Mexican women entrepreneurs to participate in a training and business development program.

  • 2021: We became the first consumer company in Latin America to partner with Google, a global technology giant, to accelerate our digital transformation. 

    We signed an agreement with the American company General Mills® to distribute their products in Mexico, with which we entered the categories of cereal bars and prepared dessert flours.


    We celebrated the 80th anniversary of Doña María® mole with the inauguration of Casa Doña María Pons, headquarters of Fundación Herdez® in San Luis Potosí.

    We were placed in the report “Mexican Companies for the 2030 Agenda in the Decade of Action” of the Global Compact, for the actions of the Saber Nutrir® program as a reference practice to achieve Zero Hunger, one of the 17 Sustainable Development Goals of the UN.

  • 2022: We acquired Interdeli and Deli, Dips & Snacks, expanding our capabilities to new categories such as hummus, cheeses, and dips, integrating brands such as Libanius, Flaveur, Liguria, and Señor Cactus into our portfolio.

    For the first time in our history, we brought the best of Mexican cuisine to the United Kingdom with the Herdez® brand, through a joint alliance with McCormick & Company, Inc.

    We issued the first sustainability-linked bond in the food industry in Mexico, committing to reduce our water consumption per ton produced by 2030.

    We signed the United Nations Women’s Empowerment Principles (WEPS), reaffirming our commitment to gender equality.

    We joined the UN’s CFO Coalition for the SDGs, which drives the transformation of corporate finance to achieve the goals of the 2030 Agenda.

    We joined the Pacto por la Comida of the BAMX Network, an initiative that promotes more sustainable food production and consumption systems, with the goal of reducing Food Loss and Waste in the industry.

  • 2023: We consolidated the integration of Chilim Balam® into the Impulse segment portfolio, with which we positioned ourselves in the candy and snack category in the retail model.

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