McCormick & Co. said late Tuesday it agreed to acquire Reckitt Benckiser Group PLC’s food division, whose brands include French’s mustard, for $4.2 billion, the latest in a wave of deal activity in the global packaged-foods sector. The Sparks, Md., spice maker said it would integrate the U.K. consumer-goods company’s RB Foods business—whose other products include Frank’s RedHot hot sauce and Cattlemen’s barbecue sauce—into its...

Source: Wall Street Journal July 19, 2017 05:03 UTC