30 Nov 2016 --- McCormick & Co has acquired the Italian flavorings maker Enrico Giotti for $127m, as it looks to bolster its presence in Europe and tap into the rise in demand for natural flavorings. Giotti, headquartered in Florence, makes flavorings for the food and drinks industry as well as juices and herbal extracts. Founded in 1929, the company, which went public in 1953, has annual sales of around $56m.
