McCormick & Company, Inc will own 100 percent of \'Kohinoor\' basmati rice business in India

McCormick & Company, Inc., one of the global leader in flavour, is set to acquire remaining 15% equity ownership in Kohinoor Speciality Foods India Private Limited (KSF), i.e. 'Kohinoor' branded Basmati Rice business in India, from Kohinoor Foods Ltd (KFL), thus becoming 100% owner to Indian business of 'Kohinoor' branded basmati rice.

“As a key emerging market, India presents exciting growth opportunities for McCormick. We have invested in India continuously for over two decades and are deeply committed to the ‘Kohinoor’ brand in this market. Our goal is to leverage ‘Kohinoor’ brand from a Basmati rice brand to a “Rice and Spice” leader in this market through our passion for flavor," said Malcolm Swift, President of McCormick’s International Business.

“Our recent infrastructure enhancements, the building of stronger R&D capabilities at our Food Factory in Haryana and our plan to expand our offerings under the ‘Rice and Spice’ platform are building on our decades of commitment to this market,” said Amit Mehta, Managing Director, Kohinoor Speciality Foods India Private Limited. “We’re here to stay and we are set on our mission to provide the ‘Best quality food products for our Indian consumers’ as we believe India deserves the best."

This development will place McCormick in prime position to accelerate its growth and investments plans in India. The company has invested more than $150 million in India since 1994 through four ventures which employ over 2000 people today.
 
McCormick & Company with $4.4 billion in annual sales, manufactures, markets and distributes spices, seasoning mixes, condiments and other flavourful products to the entire food industry - retail outlets, food manufacturers and foodservice businesses.