Mccormick & Comp. Stock

Description McCormick

McCormick Company, Incorporated is a global leader in flavor, seasonings, and spices for the food industry. The company was founded in 1889 and is headquartered in Hunt Valley, Maryland, in the United States. McCormick's products are sold in over 150 countries, and the company has manufacturing facilities in North America, Europe, and Asia-Pacific.

McCormick's product portfolio includes spices, herbs, seasonings, condiments, sauces, and marinades. Some of its well-known brands include McCormick, Lawry's, Zatarain's, Old Bay, and Frank's RedHot. The company also partners with leading food manufacturers to develop custom flavors and ingredient solutions for their products.

McCormick is a publicly traded company listed on the New York Stock Exchange under the symbol MKC. As of September 2021, the company had a market capitalization of approximately $26.6 billion. In 2020, McCormick reported net sales of $5.4 billion and a net income of $751 million. The company is known for its strong financial performance and has a long track record of delivering growth and shareholder value.

Competitors of 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. McCormick's biggest competitors include the following:

1. Givaudan: Givaudan is a Swiss company specializing in flavors, fragrances, and active cosmetic ingredients. It holds a significant share in the global flavor and fragrance market and poses a considerable threat to McCormick.

2. Firmenich: Firmenich is a Swiss flavor and fragrance company, established in 1895, that operates in more than 100 countries. Its customers include major companies such as Nestle, Coca-Cola, and Unilever.

3. Symrise: Symrise is a German flavor and fragrance company established in 2003. It operates globally, with a product portfolio that includes cosmetic ingredients, oral care, and sensory solutions.

4. International Flavors Fragrances (IFF): Headquartered in New York, IFF is one of the largest flavor and fragrance manufacturers and suppliers globally. It is a major competitor to McCormick.

5. Takasago International: Takasago is a Japanese flavor and fragrance company that operates in 27 countries, with major customers in the food, beverage, and fragrance industries.

All these companies provide similar products and services, and their presence and market share pose a significant competition for McCormick.

Suppliers of McCormick

McCormick is a leading company in the manufacturing, marketing and distribution of spices, seasoning mixes, condiments and other flavorings. As such, the company relies on several suppliers to source the raw materials it needs to produce its products. Some of the most important suppliers of McCormick include:

1. Farmers - McCormick sources numerous herbs and spices from farmers globally. Basil, oregano, pepper, and thyme are just a few of the spices McCormick sources from farmers.

2. Food Flavors and Colors - The company also sources various flavors and colors from suppliers like Sensient Technologies, which produces extracts, food colors and flavors.

3. Chemical suppliers - McCormick sources ingredients like citric acid, lecithin, and other chemical preservatives from chemical Suppliers like Brenntag.

4. Packaging Suppliers - McCormick has numerous suppliers that provide packaging materials for the spices, seasonings and condiments. Examples include, Ardagh Group which provides packaging solutions for McCormick's products.

McCormick relies on these suppliers and others to provide it with the raw materials, flavors, colors, and packaging needed to manufacture and distribute its products.