McCormick & Company, Incorporated has agreed to acquire 100 percent of the shares of Enrico Giotti SpA (Giotti), an Italian flavor manufacturer located in Florence, Italy.
Giotti is well known in the industry for its innovative beverage, sweet, savory and dairy flavor applications. Annual sales are approximately 53 million Euro (56 million U.S. dollars).
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Lawrence E. Kurzius, President and Chief Executive Officer, stated, “The acquisition of Giotti is another important step in the execution of our growth strategy. McCormick is a leading flavor supplier to packaged food companies and multi-national restaurants, and this acquisition expands the breadth of our value-added flavor solutions in Europe with strong and innovative R&D capabilities. With this acquisition, we add greater scale to our already substantial industrial segment business in the Europe, Middle East and Africa region.”
Rogue Creamery’s Echo Mountain Blue and Mount Mazama were both awarded silver medals at the 29th Annual World Cheese Awards in San Sebastian, Spain. The World Cheese Awards is the largest and most respected competition of its type in the world. There were 260 judges who gathered to taste and score more than 3,000 cheeses from 31 different countries this week. “It’s wonderful to be in a place to share the message of giving thanks at the holiday tables of the families and friends of cheese lovers from this international audience. It’s a great recognition to have our passion and sustainable practices reinforced at the World Cheese Awards, as Echo Mountain is ranked once again among the world’s finest blue cheeses,” said David Gremmels, Rogue Creamery Cheesemaker and President.