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McCormick to buy Italian spice-maker for $97 million
McCormick to buy Italian spice-maker for $97 million

McCormick & Co. Inc. is expanding in Europe with the acquisition of top Italian spice-maker Drogheria & Alimentari for $97 million, the Sparks-based company announced Friday. The 135-year-old, privately held D&A, which makes branded and private-label products, enjoys about a third of the spice and seasoning market in Italy and will give Hunt Valley-based McCormick a strong foothold in that country, the company said. D&A's sales reached about $57 million last year, with most of its business in Italy, though exports to 60 countries make up about a fifth of sales. D&A, which has a manufacturing plant in Florence and about 120 employees, marks McCormick's first...

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