McCormick Rings in 10th Anniversary on the New York Stock Exchange; Celebrates Beginning of Grilling Season
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SPARKS, Md., May 22, 2009 (BUSINESS WIRE) -- McCormick & Company, Incorporated (NYSE:MKC) rings in its 10th anniversary on the New York Stock Exchange today. Founded 120 years ago, McCormick has grown to be a global leader in spice, seasoning, specialty foods and flavors. The Company's well-known consumer brands reach nearly 100 countries around the world, and its industrial business delivers great taste to multinational food manufacturers and food service customers.
Since listing on the NYSE 10 years ago, the Company has tripled its earnings per share and dividends. With the growth of its business, sales reached $3.2 billion in 2008 from $1.8 billion in 1999. As of March 31, 2009, McCormick shareholders have enjoyed an annual total shareholder return of 10% for the past 10 years, compared to a 4% return for the S&P 500 Food Group and a 3% decline in the broader S&P 500 Stock Index.
This NYSE event coincides with the beginning of the 2009 grilling season. McCormick's Grill Mates(R) brand is the U.S. leader in grilling seasoning, fueled by consumer favorites such as our Montreal Steak Seasoning and the introduction of on-trend products such as Mojito Lime marinade. Grill Mates' line of professional-grade grilling products let grillers "Master the Flame. Master the Flavor." In addition to Grill Mates, the Company now owns the leading brand of wet marinades as a result of its acquisition of Lawry's(R) in August 2008. With a splash of real fruit juice, Lawry's marinades add outstanding flavor to chicken, meat, vegetables or fish in just minutes.
Stated Alan D. Wilson, Chairman, President and CEO, "Behind this success is a strong portfolio of leading brands, a proven growth strategy and the commitment of our employees around the world. We have a passion for flavor. At the grill, in the kitchen or on the go, consumers turn to McCormick to add great taste to all types of food."
About 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 - retail outlets, food manufacturers and food service businesses.
SOURCE: McCormick & Company, Incorporated
McCormick & Company, Incorporated
Corporate Communications:
Jim Lynn, 410-771-7803
jim_lynn@mccormick.com
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Investor Relations:
Joyce Brooks, 410-771-7244
joyce_brooks@mccormick.com