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McCormick to Acquire Cholula Hot Sauce

McCormick to Acquire Cholula Hot Sauce

Spice and flavorings maker McCormick & Co. (NYSE: MKC) announced Tuesday will acquire the Cholula hot sauce brand. Known for its signature wooden bottle cap, Cholula has been owned by private equity firm L Catterton since April 2019. McCormick said it will buy the parent of the Mexican-made hot sauce for $800 million in cash, adding to its lineup of well-known sauce brands.