Mexico City, August 21, 2025 – Grupo Herdez, S.A.B. de C.V. (“Grupo Herdez”) (BMV: HERDEZ) announced today that McCormick & Company will increase its ownership in McCormick de México from 50% to 75% through a transaction valued at $750 million dollars. Grupo Herdez will retain a 25% stake in McCormick de México and will continue providing services, including sales and distribution through its subsidiaries.

This transaction further strengthens the 78-year partnership between Grupo Herdez and McCormick & Company, paving the way for McCormick de México to expand the depth of its product portfolio in Mexico and pursue new opportunities in the region.

Net sales and EBITDA of McCormick de México, consolidated into Grupo Herdez’s income statement for the last twelve months ended June 30, 2025, were $892 million and $185 million dollars, respectively.

This agreement is expected to enhance shareholder returns for Grupo Herdez, enabling the company to pursue other strategic opportunities while continuing the reconfiguration of its portfolio.

“We are very excited about this next step in the evolution of our 78-year partnership with McCormick & Company,” said Héctor Hernández-Pons Torres, chairman and chief executive officer of Grupo Herdez. “This transaction will allow Grupo Herdez to continue participating in future growth opportunities while maintaining our scale and market penetration in Mexico.”

“Our long-standing partnership with Grupo Herdez has been very successful, and over three generations the team has done an extraordinary job in making the McCormick brand one of the most relevant among Mexican consumers,” said Brendan Foley, CEO of McCormick & Company. “We look forward to continuing our collaboration and building on our shared success.”

This transaction is expected to close in early 2026, subject to customary closing conditions.