{"id":6414,"date":"2020-11-24T21:21:56","date_gmt":"2020-11-24T21:21:56","guid":{"rendered":"https:\/\/www.seafood-harvest.com\/?p=6414"},"modified":"2023-01-23T11:17:06","modified_gmt":"2023-01-23T18:17:06","slug":"mccormicks-buying-cholula-for-800-million","status":"publish","type":"post","link":"https:\/\/www.seafood-harvest.com\/index.php\/2020\/11\/24\/mccormicks-buying-cholula-for-800-million\/","title":{"rendered":"McCormick\u2019s Buying Cholula for $800 Million"},"content":{"rendered":"<div><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-medium wp-image-6037\" src=\"https:\/\/www.seafood-harvest.com\/wp-content\/uploads\/2020\/09\/Seafood-News-11-300x150.jpg\" alt=\"seafood news\" width=\"300\" height=\"150\" srcset=\"https:\/\/www.seafood-harvest.com\/wp-content\/uploads\/2020\/09\/Seafood-News-11-300x150.jpg 300w, https:\/\/www.seafood-harvest.com\/wp-content\/uploads\/2020\/09\/Seafood-News-11.jpg 500w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/div>\n<div class=\"zn-body__paragraph speakable\">Wow, Cholula, when did you become an <a href=\"https:\/\/www.cholula.com\/\">$800 million brand<\/a>, and how do I become one? I remember when you were sitting there on the table at the diner, half full, waiting for me to splorch you onto my eggs each day. Now McCormick\u2019s is buying you out from L Catterton for that lofty pile of cash.\u00a0 Good job.<\/div>\n<div><\/div>\n<div><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-medium wp-image-14601\" src=\"https:\/\/www.burn-blog.com\/wp-content\/uploads\/2020\/11\/Different_sorts_of_Cholula_hot_sauce_in_a_supermarket-224x300.jpg\" sizes=\"(max-width: 224px) 100vw, 224px\" srcset=\"https:\/\/www.burn-blog.com\/wp-content\/uploads\/2020\/11\/Different_sorts_of_Cholula_hot_sauce_in_a_supermarket-224x300.jpg 224w, https:\/\/www.burn-blog.com\/wp-content\/uploads\/2020\/11\/Different_sorts_of_Cholula_hot_sauce_in_a_supermarket-523x700.jpg 523w, https:\/\/www.burn-blog.com\/wp-content\/uploads\/2020\/11\/Different_sorts_of_Cholula_hot_sauce_in_a_supermarket-150x201.jpg 150w, https:\/\/www.burn-blog.com\/wp-content\/uploads\/2020\/11\/Different_sorts_of_Cholula_hot_sauce_in_a_supermarket-100x134.jpg 100w, https:\/\/www.burn-blog.com\/wp-content\/uploads\/2020\/11\/Different_sorts_of_Cholula_hot_sauce_in_a_supermarket.jpg 600w\" alt=\"cholula\" width=\"224\" height=\"300\" \/><\/div>\n<div><\/div>\n<div class=\"zn-body__paragraph speakable\">All snark aside, with the hot sauce market growing and growing each year, this isn\u2019t a huge shock. Add in the boost the industry\u2019s received thanks to pandemic quarantining, and you can see where a large manufacturer like Cholula can get traded for nearly a billion dollars.<\/div>\n<div><\/div>\n<div class=\"zn-body__paragraph\">The Cholula deal makes McCormick a heavy hitter in the world of hot sauce, too. In 2017, the corporation acquired another industry-leading company when it bought Frank\u2019s RedHot. The two companies comprise roughly 30% of the market while attracting different segments of it. It\u2019s like when Disney gobbled up Lucasfilm and Marvel Comics, only spicier.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Cholula deal makes McCormick a heavy hitter in the world of hot sauce, too. In 2017, the corporation acquired another industry-leading company when it bought Frank\u2019s RedHot.<\/p>\n","protected":false},"author":5,"featured_media":6415,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[70],"tags":[195,196,197],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/posts\/6414"}],"collection":[{"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/comments?post=6414"}],"version-history":[{"count":1,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/posts\/6414\/revisions"}],"predecessor-version":[{"id":6416,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/posts\/6414\/revisions\/6416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/media\/6415"}],"wp:attachment":[{"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/media?parent=6414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/categories?post=6414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.seafood-harvest.com\/index.php\/wp-json\/wp\/v2\/tags?post=6414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}