Dive Summary:
- McCormick & Co. Inc. announcedthat it has closed its $147 million acquisition ofWuhanAsia-Pacific Condiments Co. Ltd., a leading maker of Chinese bouillon.
- WuhanAsia-Pacific's annual sales total about $122 million, theBaltimore Business Journal reports.
From the article:
... The deal gives Sparks-based McCormick (NYSE:MKC) a bigger piece of the fast-growing Asian market.WuhanmakesDaQiaoandChuShiLebouillon brands which are popular in central China. ...
