McCormick completes Stubb’s purchase

McCormick has completed the purchase of 100% of the shares of One World Foods, seller of Stubb’s barbeque sauces. Stubb’s is said to be the leading premium barbeque sauce brand in the U.S.  In addition to sauces, Stubb’s products include marinades, rubs and skillet sauces.  Annual sales of the business are projected to be $30 million in […]

McCormick has completed the purchase of 100% of the shares of One World Foods, seller of Stubb’s barbeque sauces.

Stubb’s is said to be the leading premium barbeque sauce brand in the U.S.  In addition to sauces, Stubb’s products include marinades, rubs and skillet sauces.  Annual sales of the business are projected to be $30 million in 2015 and are expected to grow at a double-digit rate annually for the next several years.

Stubb’s products complement McCormick’s range of grilling items with the addition of authentic, craft barbeque sauces, the company said.  McCormick plans to drive sales of the Stubb’s brand through expanded distribution, increased household penetration and innovative flavours.

McCormick has acquired the business for a cash payment of approximately $100 million.

McCormick intends to maintain the headquarters of the business in Texas.