M&A Deal Insights: The Sale of Cholula to McCormick On November 30, 2020, Private Equity firm L Catterton confirmed the successful sale of the popular Mexican hot sauce maker, Cholula Food Co to McCormick & Company (NYSE: MKC) for $800 million. With Cholula’s reported 2020E sales of $96 million and ~$32 million in EBITDA, the deal translates […]