- McCormick & Co. Inc. announced that it has closed its $147 million acquisition of Wuhan Asia-Pacific Condiments Co. Ltd., a leading maker of Chinese bouillon.
- Wuhan Asia-Pacific's annual sales total about $122 million, the Baltimore Business Journal reports.
From the article:
... The deal gives Sparks-based McCormick (NYSE: MKC) a bigger piece of the fast-growing Asian market. Wuhan makes DaQiao and ChuShiLe bouillon brands which are popular in central China. ...