M&As this week: McCormick & Company, Shanghai Kaichuang Ocean Resources, 2 Sisters Food Group Melco Holdings

Australian herbs and spices seller Botanical Food Company has been acquired by McCormick & Company in a A$150m ($115.45m) all-cash deal, which represents 12 times its EBITDA.

The American investor plans on strengthening its portfolio of spices, seasoning mixes and condiments through Botanical Food Company’s Gourmet Garden brand of packaged herbs.

Hijos de Carlos Albo, a European seafood seller, has been fully acquired by Shanghai Kaichuang Ocean Resources in a €61m ($68.9m) transaction.

Shanghai Kaichuang Ocean Resources will be able to boost its European seafood sales through the acquisition.

2 Sisters Food Group has announced that it will acquire Irish turkey and poultry business, Grove Turkeys, which operates under the trade name Grove Farm, in a deal that is subject to approval by the local competition authority.

UK-based 2 Sisters Food Group is a privately owned snack food manufacturer, which offers pizzas, pies, ready meals, biscuits, chickens and chunky chocolate chip cookies.

Melco Holdings, a Japan-based digital consumer electronics and computer peripherals business, is set to raise its stake to 22.7% in Japanese noodles company Shimadaya Corporation.

The stake sale is expected to be completed next week.

---

Image: McCormick & Company has acquired Botanical Food Company in a A$150m ($115.45m) transaction. Photo: courtesy of Ken Hammond via Wikipedia.