FONA International, Inc. acquired by McCormick & Company
McCormick & Company acquired FONA International, Inc., a US beverage brand, on Dec 30, 2020.
Transaction summary
- Target
- FONA International, Inc.
- Acquirer
- McCormick & Company
- Seller
- Slawek Founding Family
- Announced
- 2020-12-30
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Value and multiples
100% enterprise value
USD 710M
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
6.23x
Period: Forecast 2020
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 710M
Basis
- Reported value: US$710m. Multiples use revenue of US$114m (Forecast).
Source summary
McCormick & Co. acquires FONA International for $710 million
ConfirmedMcCormick & Co., Inc. has acquired FONA International, LLC, Geneva, Ill., for $710 million in cash.
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