McCormick to acquire remaining share of Dessert Products International

McCormick has signed a definitive agreement to acquire the remaining 49 percent share of Dessert Products International, S.A.S. (DPI) in exchange for its 50 percent interest in the Signature Brands, L.L.C. joint venture. The company had acquired a 51 percent interest in the DPI business as part of the acquisition of the Ducros business in August 2000. As a result, McCormick will have 100 percent ownership of DPI, which markets the Vahine brand in France and other European countries.