McCormick & Company, Incorporated (NYSE:MKC) rings in its 10th
anniversary on the New York Stock Exchange today. Founded 120 years ago,
McCormick has grown to be a global leader in spice, seasoning, specialty
foods and flavors. The Company’s well-known consumer brands reach nearly
100 countries around the world, and its industrial business delivers
great taste to multinational food manufacturers and food service
customers.
Since listing on the NYSE 10 years ago, the Company has tripled its
earnings per share and dividends. With the growth of its business, sales
reached $3.2 billion in 2008 from $1.8 billion in 1999. As of March 31,
2009, McCormick shareholders have enjoyed an annual total shareholder
return of 10% for the past 10 years, compared to a 4% return for the S&P
500 Food Group and a 3% decline in the broader S&P 500 Stock Index.
This NYSE event coincides with the beginning of the 2009 grilling
season. McCormick’s Grill Mates® brand is the U.S. leader in
grilling seasoning, fueled by consumer favorites such as our Montreal
Steak Seasoning and the introduction of on-trend products such as Mojito
Lime marinade. Grill Mates’ line of professional-grade grilling products
let grillers “Master the Flame. Master the Flavor.” In addition to Grill
Mates, the Company now owns the leading brand of wet marinades as a
result of its acquisition of Lawry’s® in August 2008. With a
splash of real fruit juice, Lawry’s marinades add outstanding flavor to
chicken, meat, vegetables or fish in just minutes.
Stated Alan D. Wilson, Chairman, President and CEO, “Behind this success
is a strong portfolio of leading brands, a proven growth strategy and
the commitment of our employees around the world. We have a passion for
flavor. At the grill, in the kitchen or on the go, consumers turn to
McCormick to add great taste to all types of food.”
About McCormick
McCormick & Company, Incorporated is a global leader in the manufacture,
marketing and distribution of spices, seasonings, specialty foods and
flavors to the entire food industry – retail outlets, food manufacturers
and food service businesses.
McCormick & Company, Incorporated
Corporate
Communications:
Jim Lynn, 410-771-7803
jim_lynn@mccormick.com
or
Investor
Relations:
Joyce Brooks, 410-771-7244
joyce_brooks@mccormick.com
