A bottle of Cholula Hot Sauce. Spice maker McCormick & Co. is buying the parent of Cholula Hot Sauce from private-equity firm L Catteron for US$800 million. McCormick & Co., the spice maker is buying the parent of Cholula Hot Sauce from private-equity firm L Catteron for US$800 million, expanding its reach in the hot sauce category. And hot sauce is increasingly part of the pantry mix. “Hot sauce is an attractive, high-growth category and, as an iconic premium brand, Cholula is outpacing category growth,” said McCormick Chairman and CEO Lawrence Kurzius in prepared remarks Tuesday.

Source: The Standard November 25, 2020 14:37 UTC