Canada: McCormick has bought French's
- François-Xavier Branthôme
New French's owners plan to continue Canadian ketchup production
On 19 July, Maryland-based McCormick & Co. announced it will buy French's and all other food products owned by Reckitt Benckiser for USD 4.2 billion. The deal includes Frank's RedHot sauce and other condiments made by the brand best known for its mustard and Canadian-made ketchup.
French's president Elliott Penner described McCormick as a "highly respected
" food company and cited the "French's promise" to produce it's ketchup in Canada as a key source of company growth.
Penner explained that the decision to sell the French's business to McCormick was made "solely on the basis that a larger food focused company could extend the brands and support the business better than the current ownership
When asked for comment as to whether the deal would change French's presence in Canada in any way, a spokesperson for McCormick told CBC News "We are very impressed with the ketchup business in Canada. Performance is very strong and we don't foresee any changes to our commitment to produce ketchup in Canada
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