Spice maker McCormick to buy Reckitt's food unit for $4.2 bn
US spices maker McCormick has agreed to buy UK's Reckitt Benckiser's food unit for $4.2 billion (â¹27,000 crore). Reckitt, which owns world's leading mustard brand French's, is trying to cut its debt following the $16.6 billion acquisition of baby formula maker Mead Johnson. Notably, the deal gives McCormick a leading position in the US condiments category.