date:Aug 23, 2012
The completion of the agreement is expected to occur in mid-2013 subject to regulatory approval.
WAPC manufactures and markets the DaQiao and ChuShiLe brand bouillon products. These complement McCormick's current portfolio of flavour products in China that include spices, seasoning blends and sauces.
Annual sales of WAPC's business are approximately Rmb 730 million (approximately $115 million).McCormick has agreed to acquire the company for approximately Rmb 900 million (approximately $141 mil