McCormick, a global flavor company, completed the acquisition of Cholula Hot Sauce, a premium hot sauce brand, from L Catterton, an American private equity firm, for $800m. "The acquisition of Cholula accelerates McCormick's growth opportunities within our condiment platform and broadens our portfolio in the hot sauce category with the addition of the Cholula brand. Hot sauce is an attractive, high-growth category and, as an iconic premium brand, Cholula is outpacing category growth. As McCormick continues to capitalize on the growing consumer interest in healthy and flavorful eating, Cholula, a brand known for authentic bold and spicy Mexican flavors, is a strong complement to our portfolio providing consumers and foodservice operators with an even more diverse product offering that we expect will strengthen our growth opportunities," Lawrence E. Kurzius, McCormick Chairman, President and Chief Executive Officer.